FARM WEEKLY – by Mal Gill – “WA wool auctions roared into 2018 with a year-opening, record-shredding two days of sales last week producing the best results for woolgrowers in at least 20 years.”
FINANCIAL REVIEW – by Rebecca Keenan – “New uses for wool in sneakers such as Adidas AG’s marquee Ultra Boost helped drive prices to a record. They’ll only climb further this year, according to Australian wool producers.
Increased affluence in traditional markets such as China and growing demand for natural fibres in athleisure wear has coupled with limited supply to create a “perfect storm” for wool, according to Australian Wool Innovation, which represents 24,000 growers.”
THE WEST AUSTRALIAN – by Bob Garnant – “The Western Market Indicator set a new record of 1888c/kg clean as the wool market rang in the new year with prices rising from 50 to 100c/kg amid strong support.
AWEX market analyst Lionel Plunkett said the Christmas break resulted in 53,317 bales offered to the trade in the first sale of 2018.”
THE WEST AUSTRALIAN – “It was not a decision that came easily, but mixed wheat-sheep farmer Thomas Pengilly says investing in technology for their Merino enterprise was one of the best decisions the Cascade family has made.
The Pengillys have run their Penrose Poll Merino stud, 102km north-west of Esperance, for 40-odd years but eight years ago they decided to strengthen focus on genetic improvement. “
SHEEP CENTRAL – “WOOL price increases have improved the competitiveness of Victorian wool-based enterprises in comparison to prime lamb operations in 2016-17.”
NZ HERALD – by Paul Charman – “Low financial returns have pitched the New Zealand crossbred wool industry into a crisis, a leading grower says.”
GOONDIWINDI ARGUS – by Stephanie van Eyk – “The first wool market back for the season opened strongly according to Landmark’s North West regional wool manager David Hart.
The opening sales after the Christmas break saw price indicators across the board up between 50 and 80c/kg, thanks to continued support from Chinese buyers.”
YASS TRIBUNE – by Elspeth Kernebone – “In Bookham, a single wether trial has now been running since the 1960s.
Every four years since then, the Bookham Agricultural Bureau has been collecting lambs and drafting them onto a host property.”
AGWEB POWERED BY FARM JOURNAL (USA) – ” (Bloomberg) — New uses for wool in sneakers such as Adidas AG’s marquee Ultra Boost helped drive prices to a record. They’ll only climb further this year, according to growers in the world’s biggest producer.”
STOCK & LAND – by Helen Walker – “Veteran wool producer Bill Huskisson made his first trip to the Sydney Wool Sales this week to watch his clip sell. The early wool market jumped five per cent before levelling to an overall increase of one per cent on last week’s result.”