Following last weeks drama, the wool market found support and when all is considered, performed well. The finer microns led the way with buyers keen to purchase in the wake of possible total auction room shutdowns in the future.Concern was noted in the AWEX report...
Early March saw an increase in throughput as sheep producers responded to record prices but in recent weeks levels have softened. No sign of processors looking to increase slaughter volumes though despite some anecdotal reports that supermarkets are keen to restock after a run on red...
If last week in the midst of global turmoil the wool market caught a cold, this week it had “full-blown influenza”. Despite the Au$ free-falling, the wool market was hit hard with buyers reducing limits continuing the EMI downturn for the sixth consecutive day. From the...
After three months of relatively robust numbers, the latest AWTA volume data reverted to its expected trend, with farm bales tested in February down 11%. This article takes a look at annual AWTA and auction sales data. While AWTA core test volumes are the best measure...
Sheep and lamb yardings have dipped to levels more consistent with the mid-winter lull in supply in response to 50-100 mm rainfall across much of western NSW and central Victoria this week. Slaughter levels remain in the doldrums too with the tight supply continuing to...
In what was a somewhat stellar performance this week, the wool auctions returned after the ransomware attack on the Talman system, to post a result that underpins the current strong demand for wool. The market was able to absorb a record volume and hold prices...
A Mecardo reader, after reading about non-mulesed premiums for wool, asked about the effect of selling non-mulesed Merino store stock. His experience was that store stock buyers preferred mulesed Merinos, for the labour-saving reasons mulesing was first introduced. The implication was that such a preference...
Mutton prices broke through 700¢ on the east coast this week, an extraordinary price given the only place you find it in Australia is in some meat pies. It’s a funny coincidence that this week the announcement came of the impending ‘meat-free pie’ launch. Mutton...
This week the Australian wool market was forced to cancel all wool sales due to a cyber attack on the Talman IT platform. While not the only provider of IT systems to the industry, Talman is the largest supplier of in-house wool IT systems in...
Weekly yarding levels continue to contract and processors are responding to higher lamb and sheep prices with reduced slaughter volumes. High prices this early in the season are putting meatworks on notice that the seasonal winter peaks in lamb and sheep prices could reach historic...