SHEEP CENTRAL – “AUSTRALIAN wool growers have been urged to forward a portion of their clip to manage risk ahead of any slowing of demand.”
STOCK & LAND – by Alastair Dowie – “There is potentially an even greater opportunity and bigger reward now by investing in the farm as returns for other asset classes decline, delegates at the Bestwool/Bestlamb conference in Bendigo were told.
Agriculture Victoria Farm Business Economist, Paul Deane, said history showed Australia had 30 years of declining interest rates which had given asset values a “strong tail wind”.”
WESTERN MAGAZINE – by Natalie Lyons – “Week Commencing 09/07/2018
Week 01 was the start of the 2018/19 wool selling season corresponding with the new financial year which saw a correction to the market which is evident in the Eastern Market Indicators.”
SBS NEWS – “The controversial chairman of Australia’s wool industry research body, who admitted secretly viewing farmers in a focus group through a one-way mirror, could be forced out the door.
A federal government-initiated independent review into Australian Wool Innovation has recommended 10-year limits for board members.”
KRTV.COM – by Russell Nemetz – MTN News – “American wool is in high demand in the United States and around the world and it is good news for this region’s sheep producers.
“The market is at a record high,” said Scott Lammers, manager of the Center of the Nation Wool warehouse in Billings, MT. “I’ve been here 20 years and we’ve seen similar prices once before.”
Center of the Nation Wool buys most of the wool in Montana, Wyoming, and South Dakota. Lammers said it’s been an incredible year for sheep producers with record high wool prices.”
NORTH QUEENSLAND REGISTER – by Kristen Frost – “Week one of the wool selling roster for 2018-2019 saw the largest weekly fall in the Australian Wool Exchange (AWEX) eastern market indicator (EMI) since August 2012 when it dipped 62 cents from the previous week to close at 1994c per kilogram, clean.”
QUEENSLAND COUNTRY LIFE – by Bruce McLeish, Elders northern zone wool manager – “A STRONG reality check for the wool market in Australia this week saw the AWEX’s eastern market indicator close 62c down on 1994c.
In US dollar terms it has been falling for five weeks now, but the pace of decline picked up a little this week to see US42c come off the market indicator. During the past three weeks China’s yuan had fallen to its lowest level in almost a year against the US dollar, before recovering slightly this week.”
AUSTRALIAN WOOL INNOVATION – Wool market review – week ending 6 July 2018 (Week 1)
SHEEP CENTRAL – “ELDERS Limited says that despite current dry weather conditions and declining cattle prices, it remains on track to report a net profit after tax for the financial year to September 2018 in the $59-$63 million range.”
SHEEP CENTRAL – “SHEEP and wool industry ‘young guns’ were firmly in the spotlight at the recent MerinoLink annual conference, with the innovative ‘Hour of Power’.”