WESTERN MAGAZINE – by Will Chaffey – “Week starting 29/5/2017
Closing 27 cents down at the end of last week, the Eastern Market Indicator softened to 1,495c/kg.
There was a considerable amount of lower spec wool on offer in the sale which led to some micron categories losing up to 90 cents for the week. Both selling days followed a similar pattern, with the fine end of the market being most affected by the end of the week.”
SHARECHAT.CO.NZ – “A bumper first half What’s new?
Elders reported a strong half year result with net profits surging over 50 percent. This was primarily driven by record livestock and wool prices, improved weather conditions and much higher occupancy in the company’s feedlots. This also reflects the impact of management’s Elder’s Eight Point Plan which has eliminated over $30 million in costs since it began in 2014.
Retail products outperformed on the back of normalised weather conditions in northern New South Wales, Victoria and South Australia, prompting increased fertiliser demand. Recruitment of high performing staff and more successful sales promotions also helped, ultimately boosting earnings by $6.5 million, or 12.2 percent.”
SHEEP CENTRAL – “SHEEP producer selection for important wool, carcase and meat quality traits will be more accurate and quicker with the move to ‘single step’ analysis of genomic and breeding values by Sheep Genetics.”
SHEEP CENTRAL – “FIRST cross ewe lambs sold to $321 and Merino ewe-lamb units made to $242 in online AuctionsPlus sales last week.”
SHEEP CENTRAL – by Terry Sim – “VICTORIAN wool growers are investigating long-term supply contracts with major Chinese buyer and processor Tianyu Wool. Sheep Central has been told at least 10 wool growers have shown interest in the possibility of long-term contracts, but details have not been finalised and no contracts have been drawn up.”
SHEEP CENTRAL – “SHEEP-FOCUSED students from across Australia have enjoyed a detailed introduction to the wool industry at the 2017 National Merino Challenge in Melbourne at the weekend.”
QUEENSLAND COUNTRY LIFE – by Lucy Kinbacher – “DURING her childhood Robyn Russell can remember 17,000 sheep running on her family’s 28,327 hectare property, Charlotte Plains, outside Cunnamulla.
As kangaroos decimate what is left of the land and dingoes begin to move into the property unprotected by exclusion fencing just 4600 sheep and 180 head of cattle call Charlotte Plains home today.”
THE SYDNEY MORNING HERALD – by Annie Brown – “Wool has come a long way from the days of knitted underpants and lumpy homemade jumpers from your nan. In fact, it’s resolutely high fashion.”
SOO TODAY – by Donna Hopper – “A local group of enterprising fibre enthusiasts are undertaking a daunting task. They’re attempting to create a wool sweater from scratch – including shearing the sheep, spinning the wool and knitting the final product – in under eight hours. It’s much more difficult than it sounds.”
RIVERINE HERALD – by Shepparton News – “Investment intentions of Victorian farmers have strengthened considerably over the past 12 months, according to new research from Commonwealth Bank.
The research, part of Commonwealth Bank’s biannual Agri Insights survey, shows investment intentions have rebounded strongly across a number of measures including technology, off-farm investment and staffing.”