FARM WEEKLY – by Jodie Rintoul – “STRONG competition from mainly local buyers and a quality presentation of rams was the ideal combination at last week’s Wongan Hills and Districts Stud Sheep Breeders Association annual ram sale to ensure a solid result.”
THE WEEKLY TIMES – by Jenny Kelly – “YOUNG Merino ewes sold to $274 at Hay today in a sale that most people rated as very good without being exceptional.
Bidding was slow with restockers appearing cautious of the money involved in funding replacement sheep.
The opening pen of 514 Merino ewes from Mooloomoon was an example of how the sale flowed.”
THE WEEKLY TIMES – by Xavier Duff – “ONE of Victoria’s biggest farms has been sold to US investors in a surprise deal believed to be worth $50 million.
The historic 6,880ha Banongill Station near Skipton owned by former VFL footballer and retirement village owner Stewart Gull and his wife Sue has been sold to an American superannuation fund.”
NZ FARMER – “Crossbred wool prices appear to have levelled after an offering of 12,000 bales went to the Christchurch wool sale on Thursday.
After a declining market the last few months prices looked to have stabilised for crossbred pre lamb and hogget fleece.
Crossbred fleece prices were mostly firm compared with the last sale on September 8 and hogget fleece was slightly cheaper.”
SHEEP CENTRAL – “MEDIUM and broad Merino wool prices fell 30-40 cents this week as currency fluctuations made buying more expensive in US dollars. Australian Wool Exchange senior market analyst Lionel Plunkett said crossbred wools also had a lacklustre week, also losing as much as 40 cents.”
NBR by Tina Morrison – “New Zealand wool prices generally advanced at the country’s latest weekly auction, which featured the greatest number of bales on offer in the season so far.”
AUSTRALIAN WOOL INNOVATION – Wool market review – week ending 23 September 2016 (Week 12)
THE SCOTTISH FARMER – ” A SWITCH in fashion styles in China has reduced demand for New Zealands’s longer-fibre crossbred wools, generally found on its Romney cross sheep, to finer, Merino-type fleeces.
New Zealand wool services chief executive, John Dawson, said: “As incomes in China rise, buyers are becoming more discerning.”
Longer wools, from 75mm to 125mm and over, are the most affected. China’s Nanjing wool market fair will be held in the next couple of weeks, and the NZ industry will be looking to this to work out if these changes are long-term, and structural, or due to temporary changes in market demand.”
FARM WEEKLY – by Jodie Rintoul – “WITH plenty of feed in the paddocks after a good season and a positive outlook for the sheep and wool industry, producers will not want to miss this year’s Elders Corrigin-Wickepin Circuit sale if they are looking for quality breeding ewes.
Boasting the tag line “Top of the Drop Special Ewe Sale” the sale on Monday, October 3 will feature a first class line-up of breeding ewes ranging from young ewes aged 1.5 years with their whole breeding life in front of them through to mature matrons in the 4.5 to 5.5yo age bracket.”
FARM WEEKLY – by Kane Chatfield – “THE record books were rewritten at the annual Wyalkatchem and Districts Merino Breeders’ Association ram sale last week with the Olinda stud selling a poll ram for $17,200.”