AUSTRALIAN WOOL INNOVATION – Wool market review – week ending 17 February 2017 (Week 33)
QUEENSLAND COUNTRY LIFE – by Annabelle Cleeland – “SHEEP and wool producers are staring down the barrel of having two different technologies imposed on them as the Victorian Government is accused of enforcing an inferior electronic identification system. Scanning experts have attacked the decision to mandate low frequency (LF) RFID tags used in the cattle industry for sheep and farmed goats in Victoria from July, believing taxpayers and producers will foot the bill for the outdated technology.”
THE AUSTRALIAN BUSINESS REVIEW – by Sue Neales – “Ruralco has gone on a shopping spree, announcing $61 million of agricultural acquisitions and a $65m capital raising.
Ruralco has entered an ASX trading halt, expected to last until tomorrow, as it launches an equity raising offer made up of a $30m institutional placement and a $35m entitlement offer to existing shareholders. Shareholders are being offered a one-for-six deal at $2.66 a share, an 11.5 per cent discount on the latest trading price of $3.”
THE WEEKLY TIMES – by Alice Pohlner – “A STRONG wool market completed the trifecta of good commodity prices from Jim Renkin of Lima, near Benalla, who achieved a 30-year high for his superfine wool at the Australian Wool Exchange in Melbourne last week.”
NEWS.COM.AU – PerthNow – “THE odds of a sheep giving birth to five lambs are reportedly one in a million.
But a stray sheep adopted by Clare Simms defied those odds this week.
The sheep, dubbed Shaun for the woolly state she was in when she was rescued, may not have even gone into labour if it was not for Mrs Simms, a former vet nurse from Uduc, near Harvey.”
QUEENSLAND COUNTRY LIFE – by Annabelle Cleeland – “… “Mutton is at the highest point, approaching levels we’ve never seen, wool is in a tremendous position and there is a feed season to match so it is a perfect storm of demand for stock during a time of genuine low supply.”
ABC RURAL – by Michael Pritchard and David Claughton – “A wild dog that terrorised a flock of sheep in the Upper Hunter region of New South Wales has finally been killed.
It has been a seven-year battle for farmers Norm and Nolene Black, but it ended this week.”
THE STANDARD – by Everard Himmelreich – “Winslow merino producer Brendan Finnigan says wool has always been good to him but it has been especially good to him in recent months.
Mr Finnigan gained a top price of 1492c a kilogram and an average of 1422c/kg for 16.4 micron fine merino wool he sold last week, up by more than 250c/kg for wool of a similar micron he sold last August.”
SOUTHERN WEEKLY – by Nikki Reynolds – “RIVERINA farmers will be among a benchmarking group which is heading to Flinders Island next month.”
THE SOUTHLAND TIMES – by Sarah Dowie – “The International Golden Shears World Shearing and Wool Handling Championships took place last weekend.
During the three days, I, along with many others, witnessed the determination, guts and skill of all competitors who came from around the world.”