THE WEEKLY TIMES – by Jamie-Lee Oldfield – “THE wool market has risen for the sixth consecutive week, hitting a record high.
The Eastern Market Indicator closed at 1522c/kg, up 22c/kg week on week.
It has only ever sat above this level for four weeks, in 1988, prior to the collapse of the floor price in 1991.”
THE WEEKLY TIMES – by Andrew Farran – “THE grilling last month of the top personnel of Australian Wool Innovation by the Senate rural and regional affairs and transport legislation committee was revealing and disturbing to wool growers for a number of reasons.”
ABC NEWS – RURAL – by Joanna Prendergast – “A turnaround in the price of wool is a boon for Australia’s sheep industry.
Driven by increased demand from China, a bale of wool can now fetch up to $3,000.
Sheep farmers and shearing contractors across Australia are rejoicing as the Eastern Market Indicator continues climb, finishing at the sale at 1,522 cents a kilogram.”
THE INVERELL TIMES – “Cattle and sheep producers have been hit by stock thieves, with investigations underway.
New England Rural Crime Unit are currently investigating the theft of 21 Hereford and Hereford/Angus crossbred, mixed-sex weaners from the Rickeys Lane, Nullamanna area.”
THE STANDARD – “Victorian farmers started 2017 on a positive note, with four out of five expecting this year to be similar to or even better than last year, Rabobank’s quarterly Rural Confidence Survey says.
Much of the positive outlook has been driven by renewed optimism in the dairy sector, with farm gate margins set to improve throughout 2017, Rabobank said.”
WALLOWA COUNTY CHIEFTAIN – by Kathleen Ellyn – “June Colony of Lostine has reached a milestone in creating a wool-producing sheep extraordinaire.
She’s been breeding her sheep for 14 years and now she has what she thinks is the base of her own breed. This year she will select three of her best ewes and her best ram and register then as a breed of their own — the Colony Cross.”
NZ FARMER – by Mark patterson – “OPINION: Lets not mince words, the state of the crossbred, coarse wool, sector is by any measure, dire.
Rob Hewett made a fair point at the recent Silver Fern Farms annual meeting. While we are quick to lay the blame for the demise of the sheep industry at the feet of the meat companies (who are not blameless by any stretch) but the woeful state of the coarse wool market has left meat returns doing all the heavy lifting. The coarse wool indicator is about half the level it was 18 months ago.”
TRIBUNE INDIA – by Vijay C Roy, Tribune News Service, Chandigarh – “Wool and wool-blended exports from India is likely to miss target of $610 million fixed for 2016-17 due to slowdown in demand in global markets and moderation in commodity prices.
India’s main export markets — the US, European Union and the UAE — are witnessing slowdown.”
SHEEP CENTRAL – by James Nason – “Building dog-proof boundary fencing is just one change some Traprock district fine woolgrowers have been making to improve their profitability.”
ABC NEWS – by Clint Jasper – “As the farming economy surges in value, there are growing concerns about the outlook for global trade, with the country’s biggest earners in wheat, wool and beef nervous about a potential rise of protectionism.
Wheat, beef, dairy and wool are still the sectors’ big earners, and the Australian Bureau of Statistics says the gross value of farm production will hit a record $63.8 billion this financial year.”