THE spread between over-the-hooks (OTH) and saleyard prices for mutton and lamb continues to widen as processors set limits well below the physical market.
AGENTS and woolgrowers could save $11 million over five years through the relocation of Sydney’s Yennora wool sales to Goulburn, a new report, Towards a new wool selling future in NSW, has shown.
PRICES continue to float in record territory as the unquenchable appetite for superfine wool forces the Australian Wool Exchange’s Eastern Market Indicator (EMI) to 1440 cents a kilogram, 12 per cent higher than year-ago levels.
AS the famine for European style wool intensifies, buyers showed their cards at the designated superfine sale in Sydney on Thursday with desperate bids more than 80 cents a kilogram up on last week.
Getting lumped with 100 cent a kilogram clean price penalty on woolgrower Tony Butler’s 200-bale wool clip was the catalyst for a shearing overall.
Favourable spring conditions were a welcomed relief on parched land, but the ongoing summer rain has wreaked havoc with seed and burr contamination in wool.
TWICE World Shearing Champion, Shannon Warnest, will head the Sports Shear Australia team which is set to take on 32 countries at the World Shearing and Woolhandling Championships at Invercargill, New Zealand, this week.
Following a dramatic dip in prices last week, the Eastern Market Indicator has recovered from its 22 cents a kilogram tumble last week to close at 1422c/kg yesterday.
THE percentage of wool levies being spent on marketing compared to research and development is under scrutiny as wool production fails to recover during a time of high returns.
South Australia’s fine woolgrowers are rejoicing their best returns in at least five years, receiving $2000 to $2400 a bale.