Month

September 2016

Livestock Manager’s Report

Livestock markets continue their strength week on week with no real signs of easing in the short term, given the on going rain patterns that continue to fall across Tasmania and mainland states. While numbers are traditionally at the lowest point at this time of year, this is resulting in excellent returns for producers with livestock...
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Wool Manager’s Report

The market opened on Tuesday in Melbourne this week with their sale finishing on Wednesday. Both Sydney and Fremantle stuck to the traditional Wednesday, Thursday sequence. Generally I don’t like centers selling on their own, the reduced volume limits the amount of indent activity in the market. This didn’t appear to be the case this...
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Wool Manager’s Report

As Rob has mentioned in this column over the past couple of weeks, I have spent the past 2 weeks visiting customers in Europe. The main purpose of this visit was to meet face to face with those people within the relevant companies that determine the quality, quantity and ultimately price of the wool they...
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Wool Managers Report

It’s all about the currency this week. We spoke of a 150 point rally in the AUD last week, well what a difference 7 days makes, the currency reversed dramatically dropping 250 points. What does this move in currency mean in real dollar terms? Using an 18.0 micron as an example, costing approximately 1550 clean...
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Weekly Wool Report

In last week’s commentary we pointed to the impending US employment figures as a guide to point the way for future interest rate moves and therefore currency price direction in the near future. The US employment figures came in softer than expected, thus reducing the immediate need for an interest rate increase there and leading...
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Wool Managers Report

The market retraced a bit this week on the back of a rally in the AUD / USD exchange rate, an approximate 150 point rally in seven days will always influence our spot market. This week was a designated superfine sale featuring a New Zealand offering on Tuesday followed by our Tasmanian offering. The good...
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Weekly Wool Report

Last weekend the Federal Open Market Committee (FOMC – the American equivalent of the RBA) met to discuss US interest rate policy and indicated that rates there could increase this year, with some pundits suggesting it could come as early as this month. The main impact of the rate hike speculation was to see the...
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