THE SOUTHLAND TIMES – by Tim Newman – “Invercargill has taken the World Shearing Championships to a new level, and opened doors for more big events in the future.
Representatives from both the World Shearing and Woolhandling Championships and ILT Stadium Southland gave a glowing review of the event, which attracted attention locally and internationally.”
SCOOP INDEPENDENT NEWS (NZ) – Press Release: New Zealand Wool Services International – “New Zealand Wool Services International Ltd’s Marketing Executive Malcolm Ching, reports that of the original 15500 bales intended for sale from both centres, 2500 bales were withdrawn by growers prior to the auction with the balance of 13000 bales seeing 76.7 percent sold and most types firm to dearer.
The weighted indicator for the main trading currencies was unchanged with the market reflecting more demand as client buying activity increases.”
SHEEP CENTRAL – by Terry Sim – “FOOTROT has been confirmed in several sheep flocks in South Australia’s mid-north around Clare after increased spring and summer rainfall.”
LANCASTER FARMING (UK) – “The Merino is the most important breed of sheep in the world. It is estimated that fine-wooled sheep account for more than 50 percent of the world’s sheep population.
You can’t visit Australia and New Zealand, which I recently did, and not expect to see a lot of Merino sheep.
Though declining, Merinos still comprise more than 50 percent of the Australian flock. New South Wales is the main wool-producing state. Australia is the world’s largest exporter of wool. Most of the clip is destined for China, but the best-quality fiber goes directly to the fashion industry in Italy.”
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industry for sheep and farmed goats in Victoria from July, believing taxpayers and producers will foot the bill for the outdated technology.”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.”