SOURCING JOURNAL – by Arthur Friedman – “Wool prices are feeling the fickle fate of demand.
In Australia this week, the Eastern Market Indicator was down 42 cents to $15.72 per kilogram clean from the sale a week ago. A total of 37,598 bales were offered with sales of 86 percent, according to the U.S. Department of Agriculture’s weekly report issued August 26.”
FIBRE2FASHION – “In complete contrast to the impressive gains of the previous week, Australian wool auction sales adjusted heavily downwards last week ending August 24. By the close of selling, the AWEX eastern market indicator (EMI) settled at 1572ac clean/kg, eliminating 42ac from the record level set in the previous week. The EMI in USD fell similarly by 40usc clean/kg.”
SHEEP CENTRAL – by Terry Sim – “STUDENT uptake of sheep and wool courses at the University of New England has tripled in the last 10 years, but the overall number of agricultural students is waning, a Wool Week luncheon crowd was told last week.”
SHEEP CENTRAL – “WESTERN Australia’s innovative Flystrike Assist app has been updated and revamped ahead of an expected high-risk blowfly season in the state.”
SHEEP CENTRAL – “SINGERS Kylie Minogue, Ed Sheeran, Lady Gaga, Sia and Taylor Swift are among the many superstars Australian school students have been designing for as part of the latest Wool4School competition.”
SHEEP CENTRAL – “THE annual ALPA Victorian Young Auctioneers Competition will feature 10 of the state’s top young livestock sellers in Pakenham next month.”
SHEEP CENTRAL – by Terry Sim – “A HUMBLE son of Australia’s outback wool industry is the nation’s top young broker for 2017. Elders Walgett district wool manager Brett Smith was presented with the prestigious 2017 National Council of Wool Selling Brokers of Australia Wool Broker Award at the 2017 Wool Week dinner in Melbourne last Friday night.”
QUEENSLAND COUNTRY LIFE – by Stephen Burns – “Returning to the family property is never a forgone conclusion for the younger generation, but the pull can be strong, especially for a family which has had an unbroken connection with the land and Merino sheep for 150 years.”
STOCK & LAND – by Murray Arnel – “Scanned in lamb crossbred ewe lambs made to $240, and those unjoined to $212 a head amid a subdued inquiry for store sheep at Wycheproof on Friday.”
WESTERN ADVOCATE – “PRESENTERS with a lifetime of experience introduced a new generation to the wool industry at a recent event.
The junior judging competition at the Bathurst Merino Association Bathurst Ram Expo featured commercial woolgrowers explaining the techniques they have used to keep their businesses afloat in challenging economic times.”