QUEENSLAND COUNTRY LIFE – by Karen Bailey and Daniel Pedersen – “WITH the Eastern Market Indicator at a record 1699 cents a kilogram and the auctions preparing to shut up shop for the Christmas break, confidence abounds the market will stay strong into the new year.
Greg Andrews, Schute Bell’s northern wool manager on Tuesday afternoon said there was a strong chance the year’s last sales could again set a new record.”
7 NEWS – AAP – “Australia’s farm production is tipped to fall seven per cent from record levels after dry weather in grain-growing regions affected crops.
After peaking at $63 billion in 2016-17 total production is likely to drop to $59 billion in 2017-18, according to the latest report by the federal government’s agriculture forecaster.”
OUTSIDE – by Sarah L. Stewart – “Corporate acquisitions and a challenging retail climate could alter the price and personality of the industry’s biggest wool-apparel brands… In the past month, two big changes have rocked the merino market. “
SHEEP CENTRAL – “ONLINE wool platform AuctionsPlus received consistent demand from buyers last week as prices hit record levels on the physical auction market.”
THE STANDARD – by Everard Himmelreich – “Sheep producers are enjoying a spectacular year with lamb and wool prices in stellar territory.
Hamilton Stock Agents Association president Health Templeton said prices for heavy export lambs weighing between 30-32 kilograms hit a record $240 a head at Hamilton last week.”
QUEENSLAND COUNTRY LIFE – by Karen Bailey – “IT’S been less that a month since the Eastern Market Indicator took the wool industry by surprise and skyrocketed to a new record of 1689 cents a kilogram.
But it appear it had not finished this record breaking run, as on Thursday last week that record was broken with the EMI hitting 1699c/kg.”
SHEEP CENTRAL – “LAMB, sheep and wool prices are expected to rise in 2017-18, driven by strong demand and flock rebuilding, the national commodity commodity forecaster ABARES said today.”
THE WEEKLY TIMES – AAP – “AUSTRALIA’s farm production value is tipped to reach $59 billion for 2017-18 — a drop of 7 per cent.
Poor weather conditions in grain-growing regions, leading to lower crop production, is to blame, according to the Australian Bureau of Agricultural and Resource Economics and Sciences latest forecast, released today.”
FARM WEEKLY – by Mal Gill – “SPECIALTY superfine wools featured predominantly in record prices achieved at the Western Wool Centre (WWC) last month.
On six of the 10 trading days wools as fine as 14.2 micron and up to 17.2 micron sold for 1800 cents a kilogram greasy or more.
At that price a 180kg bale of greasy wool is worth at least $3330.”
FARM WEEKLY – by Aidan Smith – “THE WA sheep industry hasn’t failed – it’s refocused.
That is the view of Livestock Dynamics director Kimbal Curtis who was in Perth recently for the annual LIVEXchange conference at Crown Towers, and was talking about WA flock numbers dropping from 40 million head to 14m head since the 1980s.”