COROWA FREE PRESS – “Corowa Market held on Monday, July 3 with 5222 lambs yarded, a decrease of 4978 from the previous market and 2563 yarded, a decline of 163.
Both lamb and mutton numbers declined in a fair to good quality offering. There was a small offering of store lambs but trade and heavy lambs were best supplied and extra heavy lambs were well back in numbers.”
NBR – by Tina Morrison – “New Zealand just finished its worst wool season since the global financial crisis as China, the largest buyer of the fibre, switched its preference to fine wool and away from strong wool that makes up the majority of the country’s clip.”
NZ FARMER – by Brittany Pickett – “Crossbred wool will be phased out if farmers don’t adopt new technologies, AgResearch senior scientist Dr David Scobie says.
Scobie told farmers at the Beef + Lamb New Zealand Winter Seminar in Gore that full-length crossbred wool prices and profitability had been largely charting a downward course for the past 26 years he has lived in New Zealand.
The future of crossbred wool relied on farmers being willing to adapt. Scobie said farmers needed to make their crossbred wool finer.”
NORTH QUEENSLAND REGISTER – by Annabelle Cleeland – “WHEN it comes to shearing, twice as often does not mean twice as much.
This is according to Mecardo senior market analyst Robert Herrmann, who presented at the recent Best Wool Best Lamb conference in Bendigo, Victoria, on the current premiums and penalties being paid for different staple lengths.”
FARM WEEKLY – by Cara Jeffery – “THE Crombie family has always been passionate about its sheep, but improving pastures in recent years has really allowed its Merino and Suffolk flock to flourish.
Like majority of Wheatbelt farmers, Rohan and Sharon Crombie run a mixed enterprise on their 3650 hectare owned and leased Babakin farm, 35 kilometres north of Corrigin, with 60 per cent cropping and 40pc livestock. “
THE SYDNEY MORNING HERALD – by Matt Wade – “No country can be indifferent to China’s economy, especially not Australia. We’re more exposed to what goes on in it than just about any other nation. China has long been the biggest market for our commodities, such as iron ore, coal and wool. And now it is the largest foreign buyer of our services, especially education and tourism. The upshot? Many thousands of Australian jobs depend on the health of the Chinese economy.”
THE WEEKLY TIMES – by Jamie-Lee Oldfield – “AN EXTRA 14,000 bales on offer pushed wool prices lower this week, as did a firming Australian dollar.
Southern indicators lost gains from the previous week, with the Eastern Market Indicator settling at 1507c/kg, down 26c/kg for the week, but very close to levels of two weeks ago.
But the EMI still recorded the highest average on record for the 2016-17 year.”
THE WEEKLY TIMES – by Jamie-Lee Oldfield – “MULESING is likely to restrict Australia’s international trade in the future.
And the sheep industry leaves itself open to anti-meat campaigns if they do not address the issue.
That was the message from industry leaders to producers at the Best Wool Best Lamb conference held at Bendigo last week.
National Council of Wool Selling Brokers of Australia chief executive Chris Wilcox said mulesing was “clearly a negative”.
THE WEEKLY TIMES – by Peter Hemphill – “EXPORT commodity prices are bucking against a high Australian dollar.
With the currency stubbornly sitting just shy of US77c, other global factors are keeping wheat, canola and beef prices at relatively high levels.
Last August, bank analysts were predicting the Australian dollar to slip below US70c for much of the year.
… NAB said a lower Australian dollar was expected to boost local wool prices. “
NZ FARMER – by Gerard Hutching – “Many farmers are not covering the costs of shearing sheep after what a wool broker has described as the worst season for 50 years.
In the last 12 months prices for crossbreed fleeces have tumbled from $4 per kilogram to $2, and a lot of wool is not being sold. Peter Tate of Fred Tate Wools in Napier said perhaps a third of the season’s production – 200-300,000 bales – was unsold.”