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August 21, 2019Wool price risk – identify, quantify and mitigate it
SHEEP CENTRAL – by Michael Avery, Souther Aurora Markets partner – “THE 2019/20 wool season has started with the largest retraction in prices since the cessation of the Reserve Price Scheme (RPS) in 1991. The Eastern Market Indicator (EMI) lost 16 percent of its value, falling from a season opening level of 1754 cents to 1513 cents.”
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AWGA and WPA seek AWI board nomination process investigation
SHEEP CENTRAL – by Terry Sim – “WOOL growers are calling for an investigation into alleged interference in the director nomination process for the 2019 Australian Wool Innovation election, claiming it is open to manipulation.”
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Wool industry veteran can spin a yarn
FARM WEEKLY – by Mal Gill – “FEW WA woolgrowers would realise infamous ‘Cold War’ icon Checkpoint Charlie in the Berlin Wall, dividing East from West Germany, was once a local wool industry trade portal.”
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South Africa’s Wool Sector Has $325 Million Question for China
YAHOO NEWS – By Prinesha Naidoo, Bloomberg – “… South Africa’s wool industry is on tenterhooks as exporters seek clarity on a Chinese ban on imports of the fiber following an outbreak of foot-and-mouth disease earlier this year in the world’s second-biggest producer…
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August 20, 2019The key to success is people
FARM WEEKLY – by Courtney Walsh – “TERRY Winfield, Primaries, started work in the wool game ‘just the other day’, on August 25, 1962.”
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Thank heavens, as wool price slide slows on back of smaller offering
QUEENSLAND COUNTRY LIFE – by Vernon Graham – “Rays of hope were shone on the gloomy wool market with the benchmark eastern market indicator only losing five cents a kg clean at Tuesday’s sales in Melbourne and Sydney.”
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Willandra Poll Merino ram heading to WA
FARM WEEKLY – by Jodie Rintoul & Alastair Dowie – “WA Poll Merino stud breeders again showed they are prepared to pay for top genetics with the announcement that a young Poll Merino sire from the Willandra stud, Jerilderie, New South Wales, is headed to the State after selling privately for $51,000.”
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Millpost Merino: Broadacre sheep property run on permaculture practices
THE WEEKLY TIMES – by Sarah Hudson – “BEING one of Australia’s few broadacre sheep properties run on permaculture practices means David and Judith Watson manage their farm with the smallest environmental footprint.”
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New owners for Mollerin Rock Dohne stud
FARM WEEKLY – by Jodie Rintoul – “The Mollerin Rock Dohne stud now has a new home at Cadoux after it was announced recently it has been sold. Signing off on the sale were former owner Ian Longmuir (front left), Koorda and buyers Mitchell and Anthony Applegate. With them are Jayden Applegate (back left), Elders stud stock representative and Dohne assessor Nathan King, Elders Koorda agent Wayne Maher and Elders stud stock manager Tim Spicer.”
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New Zealand wool industry clipped by China-US trade war
RNZ – “Falling wool prices in Australia and New Zealand are being attributed to trade tensions between the US and China”
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August 19, 2019Wool sales down, but it’s not all baaaaad.
2GB 873AM – Reporter Eddie Summerfield with Chris Wilcox – “Wool producers are crying out for rain, with drought to hamper production during the next 12 months..”
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Plummeting wool market defies logic
FARMONLINE – by Bruce McLeish – “Another auction horribulus last week saw a further 163 cents a kilogram wiped off the Eastern Market Indicator (EMI) figure, with Wednesday seeing the largest single impact when the market dropped 6.7 per cent in a single day.”
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Wool Production Forecast Lowered as Drought Continues in Australia
SOURCING JOURNAL – by Arthur Friedman – “The ongoing drought in Australia has caused the Australian Wool Production Forecasting Committee (AWPFC) to lower its outlook for 2019 – 2020 season”
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KI regulars provide biggest volume buying at Orrie Cowie ram sale
THE ISLANDER – “For their 54th annual on-property sale Heather and John Dalla, Orrie Cowie studs, Warooka penned a draft of 120 high quality Poll Merino and Merino rams, plus 30 prime lamb sires for buyer competition last Wednesday, August 14. “
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Big wool price fall doesn’t warrant intervention, says grower chief
QUEENSLAND COUNTRY LIFE – by Vernon Graham – “Australia’s peak woolgrower body has rejected any push to halt wool auctions in response to last week’s horror price fall which saw the eastern market indicator (EMI) shed 163 cents to finish at 1513c a kg clean.”
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WoolProducers seeks new Foot and Mouth Disease trainees
SHEEP CENTRAL – “PEAK wool grower body WoolProducers Australia is seeking nominations from industry people interested in real-time Foot and Mouth Disease training in Nepal.”
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NZ shearer sets new crossbred lamb shearing record in NSW
SHEEP CENTRAL – by Dough Laing, Shearing Sports New Zealand – “A trans-Tasman panel of World Sheep Shearing Records Society judges headed by South Island official Robert McLaren granted an injury break which extended the last run by over four minutes. Copp completing the day with successive runs of 135, 130, 125 and 134.”
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US-China ag trade war means 10-year risk for Aussie exports
FARM WEEKLY – by Andrew Marshall – “Australian agriculture stands to make significant short term gains from the deepening trade rift between the US and China, but it’s not going to end well warns Rabobank.”
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AWI CEO McCullough condemned for wool sale mechanism comment
SHEEP CENTRAL – by Terry Sim – “WOOL growers, brokers and exporters have condemned comments by Australian Wool Innovation chief executive officer Stuart McCullough that the industry might consider an emergency strategy or mechanism to manage bale sales.”
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Shearer Aidan Copp breaks world record in the Riverina
WINGHAM CHRONICLE – by Nikki Reynolds – “A WORLD record has been broken on a Riverina farming property at the weekend. The Kiwi shearer Aidan Copp shore 524 first-cross lambs in eight hours on Saturday at Gnadbro Station, breaking the 14-year-old record by five lambs.”
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Shear grit at a fair clip and record tumbles
THE AUSTRALIAN – by Emily Ritchie – “A world shearing record that has stood for 14 years has finally been clipped, with Aidan Copp shearing one lamb every 55 seconds for eight hours.”
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August 18, 2019Wool market slump prompts call from industry leader to halt trading
ABC NEWS – NSW Country Hour – by Cara Jeffery and Joshua Becker – “The wool market has plummeted a massive 163 cents per kilogram to finish at 1,513 cents per kilogram this week prompting an industry leader to call for a halt to trading.”
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World record falls to NZ shearer in Australia
SCOOP INDEPENDENT NEWS – Press release – Shearing Sports New Zealand – “A New Zealander has today become the latest shearer to set World records on both sides of the Tasman with a new tally for merino crossbred lambs in Australia.”
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August 16, 2019This week’s wool market review & update
AUSTRALIAN WOOL INNOVATION – Wool market review – week ending 16 August 2019 (Week 7)
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Wool price fall this week was the biggest in more than a decade
ABC – NSW COUNTRY HOUR with Michael Condon – “Australian Wool Innovation has called for an emergency strategy to halt trading, amid what’s being labelled by some as a wool market price crash.”
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Riding the back of the sheep again?
THE WEST AUSTRALIAN – by Zach Relph – Countryman – “Is the flock improving? In 1990, Bob Hawke was prime minister, the 80 Series Toyota LandCruiser went on sale and the Victorian Football League was renamed the Australian Football League.”
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More tumultuous times for wool
TOWN & COUNTRY – “Season 19 – Week 7 Source: Australian Wool Exchange (AWEX) The Australian wool market has had another tumultuous series, suffering further large losses after those experienced in the previous week.”
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Drought delivers another hammer blow to Australian wool production
QUEENSLAND COUNTRY LIFE – by Vernon Graham – “The drought keeps shrinking the size of the Australian wool clip which is now estimated at 285 million kilograms greasy for the 2019-2020 season.”
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Drought continues to push Australian wool production lower
MIRAGE NEWS – “The Australian Wool Production Forecasting Committee forecasts that Australian shorn wool production for 2018/19 will reach 298 mkg greasy. This is a 12.6% decline from the levels in 2017/18 and reflects the continuing drought conditions across large parts of the Australia.”
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Prices plummet 9.7% at Australian wool auction this week
FIBRE2FASHION – “Australian wool auction sales went into freefall this week registering the largest weekly fall since 2003 in AUD terms. The Australian Wool Exchange (AWEX) Eastern Market Indicator (EMI) lost 163ac or 9.7 per cent to 1513ac clean/kg. In US Dollar (USD) terms the results were of similar magnitude by lowering 9.6 per cent or 109usc to 1026usc clean/kg.”
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Wool market drop leaves forward marketers faltering
SHEEP CENTRAL – by Michael Avery, Southern Aurora Markets partner – “THE wool forward market could provide no solace for buyers nor sellers this week. The rate of decline in the spot market has left sellers out of range and buyers unable to establish an offshore basis.”
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Australia’s wool production tipped to hit lowest level in 95 years
SHEEP CENTRAL – “AUSTRALIA’S wool production is forecast to hit its lowest level in almost 100 years this financial year, with market and seasonal conditions not indicating a quick turn-around.”
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Russell blends innovation and skills to market wool and sheep
SHEEP CENTRAL – by Terry Sim – “AUSTRALIAN Wool Network’s Russell Macgugan has taken a forward-looking approach to wool marketing in his eight years as a broker, with a strong focus on innovative development of the Merino side of the business.”
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Wool sellers balk at auction price drops of up to 200 cents
SHEEP CENTRAL – “MORE than half the wool scheduled to sell at Australian auctions this week went unsold as growers balked at the biggest market downturn in more than 10 years.”
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IWTO urges wool processors and retailers to understand plight of Australian growers
QUEENSLAND COUNTRY LIFE – by Vernon Graham – “Australian growers and Chinese mills aren’t the only ones doing it tough in wool’s supply and retail chain. Iconic American luxury fashion chain, Barneys New York, has filed for bankruptcy and Britain’s High Street has recorded its worst July sales since 1995.”
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Farmers’ inspiring stories forge real connections with consumers
STOCK & LAND – by Stewart Raine – “Better connecting farmers with consumers is one of the greatest challenges we face in underpinning a sustainable future for Australia’s agricultural industries.”
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Not-so-golden fleece: Australian wool prices plunge amid Sino-U.S. trade war
THE GUARDIAN (USA) – by Johathan Barrett – “SYDNEY (Reuters) – The price of Australian wool favored by Chinese clothing makers has dropped as much as 20% in the last fortnight, sales reports show, with would-be bidders shunning auctions as the Sino-U.S trade war ramped up.”
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Australian wool prices a casualty in U.S.-China trade war
THE CHRONICLE HERALD (California USA)- by Jonathan Barrett & Mell Chun – “YENNORA, Australia (Reuters) – Wool prices in the world’s dominant exporter, Australia, are plunging after Chinese mills closed their order books, with buyers citing an escalation in the U.S.-Sino trade war.”
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August 15, 2019Wool market dips again with the EMI shedding another 51c
QUEENSLAND COUNTRY LIFE – by Vernon Graham – “While the wool market kept sliding today, the small comfort for growers was that the benchmark eastern market indicator (EMI) fell by “only” 51 cents a kg to 1513c.”
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Wool growers suffer as trade war crashes prices, drought bites
ABC NEWS – by business reporter David Taylor – “Australian wool producers are among the first to experience the full pain of the US-China trade war.”
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World record in Aidan Copp’s grasp
THE RURAL – by Nikki Reynolds – “IF you ever think the eight-hour work day is a tough grind imagine shearing more than 519 first-cross lambs in that time. This is the aim of Kiwi Aidan Copp who will take to the shearing stand at Gnadbro Station at 7.30am on Saturday morning.”
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Live streaming delivers a different view
FARM WEEKLY – by Mal Gill – “A MASSIVE warehouse fire which shut businesses across Melbourne’s western suburbs almost 12 months ago was a catalyst for a major upgrade of a computer sales data system at the Western Wool Centre (WWC).”
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Scores of speakers at Sheep Easy
THE WEST AUSTRALIAN – by Zach Relph – Countryman – “A Victorian farmer well-known for his precision lambing enterprise will headline an upcoming Mid West sheep forum.”
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Wool prices: Eastern Market Indicator falls 112c/kg in a day
THE WEEKLY TIMES – by Nicola Bell – “THE wool market took a huge hit yesterday, with the Eastern Market Indicator plunging 112c/kg in the day to close at 1564c/kg.”
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Fleece proceeds go to brain cancer research
STOCK & LAND – by Joely Mitchell – “The generosity of Australian woolgrowers has resulted in over $10,000 being donated to brain cancer research.”
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First look climate outlook released for Sep-Nov 2019
GRAIN CENTRAL – “The ‘first-look’ Spring climate outlook issued by the Bureau of Meteorology today indicates a drier than average season is likely for most of mainland Australia.”
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North East’s Merino rams sell to $4750
STOCK & LAND – by Jonathan Crilly – “*43 of 50 rams sold to $4750, av $2447 STRONG competition for rams at the North East Merino ram sale resulted in a top price of $4750.”
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August 14, 2019More wool market wobbles as EMI plunges to 1564c
QUEENSLAND COUNTRY LIFE – by Vernon Graham – “The wool market is threatening to go into freefall with the benchmark eastern market indicator (EMI) shedding a whopping 112c to finish at 1564c after today’s sales.”
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Wool price plunges as trade war bites
ABC PM with Linda Mottram – by David Taylor – “The trade war between the United States and China is hitting Australia’s agricultural industry. Figures from the Bureau of Statistics show the income of wool growers has dropped to its lowest level on record as the wool price crashes.”
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Three families, three feeding plans, one drought to beat
NORTH QUEENSLAND REGISTER – by Penelope Arthur – “If the drought is to leave any sort of positive legacy in the Dirranbandi district, it may well be the swag of new feeding and management skills acquired by graziers.”
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Australian Wool Prices a Casualty in US-China Trade War
BUSINESS OF FASHION – by REUTERS – “Australia, which controls 90 percent of global fine-wool exports, is seeing wool grade prices fall by 7 percent over Sino-US trade war.”
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AuctionsPlus online wool sales falter as auction prices fall
SHEEP CENTRAL – “ONLINE wool sales faltered in Australia last week in line with significant price drops at physical auctions.”
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Livestock carriers seek legal protection against animal activists
SHEEP CENTRAL – by Terry Sim – “AUSTRALIA’S livestock carriers want proposed federal agricultural protection trespass laws extended to protect them against animal activist attacks.”
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Weekly rainfall wrap + rain outlook, 14 August 2019
SHEEP CENTRAL – by Bureau of Meteorology – “Strong cold fronts and intense lows produced moderate falls and snow to low levels in parts of the southeast, as cold fronts brought light falls to parts of the southern coasts of Western Australia and South Australia, prior to the cold outbreak in the southeast.”
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Milking the Dohnes for wool and lamb
BAROSSA HERALD – “Dohnes have proven to be a profitable and adaptable sheep breed. The Glen Holme Dohne Stud is located north of Adelaide and breeds robust rams for many flocks in South Australia’s agricultural regions, including the Hills and Mallee.”
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August 13, 2019Pleasing result at Mallee Hill
WEST COAST SENTINEL – by Luca Cetta – “Bidding was competitive at the 14th annual on-property sale at Mallee Hill near Ceduna last Friday.”
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Interstate buyers add spice to Genelg ram sale
STOCK & LAND – by Alastair Dowie – “BUYERS from Western Australia, NSW and local areas showed confidence in the Merino industry, sending ram prices higher at Monday’s Glenelg Regional Merino Field Day.”
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RDASI won’t lie down on Goulburn wool sales relocation
CROOKWELL GAZETTE – by Neha Attre – “Lease extensions at the Yennora wool selling centre appear to have stalled attempts to lure the operation to Goulburn. Nevertheless, Regional Development Australia Southern Inland (RDASI) says it will still explore opportunities with both the industry and the owner of a former Goulburn woolstore to lure wool selling to the city.”
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US-China trade war threatens wool price ‘super cycle’
QUEENSLAND COUNTRY LIFE – by Vernon Graham – “The wool market has fallen victim to the US-China trade war with the benchmark eastern market indicator (EMI) plunging to 1676 cents a kg clean by the close of sales last week.”
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Chick Olsson: The man who helped save mulesing to once again stand for AWI
QUEENSLAND COUNTRY LIFE – by Mark Phelps – “THE man who helped save mulesing is once again standing for the board of Australian Wool Innovation.”
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Wool price: Eastern Market Indicator dives after recess
THE WEEKLY TIMES – by Fiona Myers – “A SHARP drop in wool prices has unsettled the market after sales kicked off after the mid-year break last week.”
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Record set at White River’s 40th sale
EYRE PENINSULA TRIBUNE – by Ian Turner – “WHITE River Merino and Poll Merino stud’s 40th annual sale produced a very fitting and celebratory result, with the Daniell family notching up their highest ever average price at Poochera last Thursday.”
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Some rain in a mixed bag on weather front
STOCK & LAND – “A strong cold front developing late Sunday could deliver rain fall totals across the state of five to 10 milimetres according to the Bureau of Meteorology.”
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Long Wool Day kicks off new season
FARM WEEKLY – see the activity
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August 12, 2019Wool market prepares to ride out the storm
QUEENSLAND COUNTRY LIFE – by Bruce McLeish – “Xi, we have been Trumped! An expected solid resumption to the wool sales after the three-week recess failed to materialise last week, with a fairly dramatic fall across the board and currency spectrum.”
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Rewarded for investment at Moonyoonooka
FARM WEEKLY – by Courtney Walsh – “TWO Moonyoonooka Merino farmers are eagerly awaiting the completion of their newest investment – a completely upgraded four-stand shearing shed.”
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Kelso High students come to the Wether Challenge in Dubbo
WESTERN ADVOCATE – by Jacinta Carroll – “KELSO High Ag students will test their skills against 40 other schools across the state later this month, when they travel to Dubbo as part of the School Wether Challenge.”
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Ewe buyers and processors active in AuctionsPlus online sales
SHEEP CENTRAL – “DEMAND for processing sheep and in-lamb ewes were features in the AuctionsPlus’ online sheep and lamb offering last week.”
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Ram sells for $35,000 in Hamilton
SHEPPARTON NEWS – by Sophie Baldwin – “A ram by the name of Moorundie 219 sold for a top price of $35,000 at Sheepvention in Hamilton last week, eclipsing the previous record of $31,000.”
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Tough start for Australian wool sales
QUEENSLAND COUNTRY LIFE – by Bruce McLeish, Elders northern zone wool manager – “XI, we have been Trumped! An expected solid resumption to the wool sales after the three week recess failed to materialise last week with a fairly dramatic fall across the board and currency spectrum.”
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Global negativity hits wool forward bidding and auction prices
SHEEP CENTRAL – by Michael Avery, Southern Aurora Markets partner – “GLOBAL negativity and offshore events led to limited wool forward market bids last week…”
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Search for Australia’s hardest working dog kicks off today
STOCK & LAND – “The 2019 Cobber Challenge starts today, with 11 dogs from across Australia competing to win the title of Australia’s hardest working dog.”
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August 11, 2019Terrick West lifts ram top price to $6000
STOCK & LAND – by Alastair Dowie – “*74 of 80 rams sold to $6000, av $2368. A good crowd of regular buyers kicked prices higher at the Terrick West Poll Merino stud’s 30th annual on-property sale on Friday.”
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All the happy snaps from Sheepvention
STOCK & LAND – Photos by Rob Gunstone and Alastair Dowie – “Sheep producers’ attention was turned to Hamilton as the annual Sheepvention event was held this week.”
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Fleece to Fashion going international
QUEENSLAND COUNTRY LIFE – by Stephen Burns – “Connecting woolgrowers and fashion designers was the point of the 2019 Fleece to Fashion Awards held recently in Armidale, where many intrigued by the rag trade entered their designs.”
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Man charged following rural crime investigation
BOMBALA TIMES – “Monaro police have charged a 31-year-old man following a rural crime investigation into the alleged theft and on-sale of wool in the Monaro region.”
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Wage and unemployment numbers set to pressure RBA to cut interest rates again
ABC NEWS – by Business reporter Stephenn Letts – ” … Then there’s wool, another staple of Australia’s export effort. It dropped more than 4 per cent last week to be down about 16 per cent from this time last year. … “
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August 9, 2019
WEEKLY PRICE REPORTS
AUSTRALIAN WOOL INNOVATION – Wool market review – week ending 9 August 2019 (Week 6)
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Wool price falls as sales resume following recess
THE WEEKLY TIMES – by Petra Oates – “THE Melbourne wool market opened to a disappointing start after its three-week recess with international trade tension causing uncertainty for buyers.”
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Wool growers hold bales as auction prices drop sharply
SHEEP CENTRAL – “AUSTRALIAN wool growers refused to sell almost a third of the bales offered at auction this week, as the market suffered a large correction in the first sale series since a three-week recess.”
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Wool exporter Fox & Lillie investigates supply contracts
SHEEP CENTRAL – by Terry Sim – “MAJOR wool exporter Fox & Lillie is negotiating a forward pricing scheme with one of the world’s largest processors as industry concerns about supply and price volatility increase.”
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Dog control vital for WA’s pastoral wool trade
THE WEST AUSTRALIAN – by Zach Relph – Couantryman – “The biosecurity expert tasked with spearheading WA’s wild dog action plan has flagged controlling the savage canine’s sprawl as key to revitalising the rangelands once-vibrant wool industry.”
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Increase in number of bales tested in WA
FARM WEEKLY – by Mal Gill – “A SIGNIFICANT increase in the number of wool bales tested last month was a positive signal to WA’s wool market before the resumption of live wool auctions this week.”
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Expo and sale to highlight WA’s soaring sheep industry
THE WEST AUSTRALIAN – by Shannon Smith – Albany Advertiser – “The future of the merino sheep and wool industry is bright and the Rabobank WA Sheep Expo and Ram Sale this month is doing its part to keep it that way.”
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Tehan advises sheep industry caution on China
SHEEP CENTRAL – by Terry Sim – “SHEEP and wool producers were told there will be “serious ups and downs” in Australia’s relationship with China, but also huge opportunities for trade of goods and services.”
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Price dips as Australian wool auction resumes this week
FIBRE2FASHION – “Except for the carding sector, all other wools on offer were hit hard and reduced in price by varying degrees of between 4 per cent and 7 per cent, as Australian wool auction sales resumed this week. The Australian Wool Exchange (AWEX) Eastern Market Indicator (EMI) lost 78ac or 4.5 per cent to 1676ac clean/kg during sale week 6 of the current season. “
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Rural News Highlights 10 August
ABC – RADIO NATIONAL – Country Breakfast – presented by Edwina Farley – “… China and US trade battle affecting wool price The Australian share market lost almost $90 billion over just two days as the US-China trade war geared up a notch…”
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August 8, 2019Fine issued for footrot quarantine breach
FARM WEEKLY – “A Western Australian sheep producer has been prosecuted for failing to comply with a quarantine notice issued under the Biosecurity and Agriculture Management (BAM) Regulations 2013, after virulent footrot was detected in his sheep flock.”
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Comment: Strong wool deserves a better future (NZ)
NZ HERALD – THE COUNTRY – by Nick Brown, Taranaki Federated Farmers Meat & Wool Chairman – “Comment: With growing concerns over climate change, why are we still using nylon pile carpets, when wool is much better for the environment?, writes Nick Brown, Taranaki Federated Farmers Meat & Wool Chairman.”
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EMI dips 31c as sales resume after the winter break
QUEENSLAND COUNTRY LIFE – by Vernon Graham – “The benchmark eastern market indicator (EMI) shed 31 cents a kg to hit 1723c at the close of the first auction wool sales after the three-week winter recess.”
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Wagga Wool Co – Wool prices good, but future volatile
THE RURAL – “Despite wool prices having a correction over the last six months, growers are still enjoying prices that make sheep a profitable part of farming that outdoes many other sectors.”
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Trigger Vale sheep information day
THE RURAL – “With southern NSW the transition zone between the rainfall “haves” in Victoria and the rainfall “have nots” in central and northern NSW, Trigger Vale at Lockhart is ideally located to host an information and open day on August 23.”
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Wool market jitters as EMI plunges below 1700c a kg
QUEENSLAND COUNTRY LIFE – by Vernon Graham – “The benchmark eastern market indicator (EMI) has plunged below 1700 cents a kilogram as prices tracked downward at selling centres across the nation.”
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Price variations sneaking into lamb markets
STOCK & LAND – by Leann Dax – “It has been mooted as a potential hurdle for weeks and actions at saleyards suggest some key processors have wound back production of lamb and sheep kills, because of issues with profitability or are conducting winter maintenance.”
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August 7, 2019Victoria about to freeze through a cold snap
STOCK & LAND – by Joely Mitchell – “Victorians are being urged to prepare for an icy outbreak which is expected to last for multiple days.”
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WoolProducers offers growers assistance for 2019 AWI election
SHEEP CENTRAL – by Terry Sim – “PEAK wool grower body WoolProducers Australia is offering sheep producers assistance to nominate and to register to vote for the 2019 Australian Wool Innovation director election.”
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Sheep breeder seeks government commitment on AWI governance
SHEEP CENTRAL – by Terry Sim – “AUSTRALIA’S Federal Government was sent a strong message to commit to full implementation of governance changes within Australian Wool Innovation, during an ANZ Agribusiness lunch panel session at Hamilton’s Sheepvention rural expo this week.”
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Analysis: US/China trade war hits currencies, A$ caught in crossfire
SHEEP CENTRAL – by Simon Quilty – “THE global trade war between China and the US in the last few days has taken on a new twist that has seen China devalue its currency against the US in retaliation to the 10pc of additional tariffs the US has placed on $300 billion worth of Chinese imports to be introduced from September 1.”
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Southern states record driest January to July
STOCK & LAND – “Southern Australia just had its driest January to July on record, but parts of Victoria have been very dry for much longer. “
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Keith merino stud sells record ram for $35,000
BORDER CHRONICLE – by Taylor Harvey – Moorundie Poll Merino Stud has continued its success at the Hamilton Sheepvention, topping this year’s sale again. The stud also set a new record for the sale with one of its rams selling for $35,000.”
