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Month: November 2016 (page 1 of 2)

Livestock Manager’s Report

Store stock is the flavour of the week again with demand for store lambs and cattle at its peak.

Yesterday saw a line of Border/Merino wether lambs (new season) offered on AuctionsPlus weighing approx 36 kg live weight selling to $103 per head whilst aged merino wethers all exceeding scale prices with both restockers and processors in the buying book. Next week will see young breeding ewes and store lambs offered on AuctionsPlus again for anyone looking for quality sheep.

Prime markets remain the same this week with no change in prices across the board .

Clearing sales are in full swing with three listed again for next week:

  • Forcett (Wednesday)
  • Brown Mountain (Thursday)
  • Longford (Friday)

For full listing please Click Here or view in Today’s Tas Country.

More ram sales this week with some great results, see below:

Blackwood Corriedale  $            1,400.00 37 1,032
Quamby Plains Corriedale  $            1,800.00 34 1,063
Melton Vale    $            1,900.00 75 943
Palmerston Coopworth  $            2,300.00 138 1,259
Rodbourne White Suffolk  $            1,400.00 39 997
Rodbourne Poll Dorset  $            1,800.00 18 945

Next Friday – Quioba Store cattle sale will be on (600 cattle) and Cremorne Ram sale next Wednesday.

As always, please shoot any questions or topics you’d like covered through to Warren at

Wool Manager’s Report

Another large offering this week with Melbourne selling over 3 days and both Sydney and Fremantle operating on Wednesday and Thursday. Over 49,000 bales were offered and the market managed to perform well.

One of the key drivers at this point in time is the slide in the currency over the last two weeks; basically sliding 4 cents or a bit over 5%. And while we’ve seen good gains in the wool market over the last two weeks there is still some upside in US terms. You may recall I mentioned the EMI in US terms having a 1,000 usc ceiling from early July this year. We broke through it recently but only lasted there a couple of days before retracing. We know by now that the market never realizes the full effect of a falling AUD immediately but the encouraging thing is that we know that China have the appetite to drive our market up to that point. So barring a rapid and consistent trend upwards in the currency, wool has a bit more room to move dearer in the short term.

Supply is still an issue – we’ve had above average clearance rates, so the cupboard is bare from that point of view; plus the fact that we’re only 3 weeks away from the Christmas recess. Stocks around the world are low for wool top and yarn which is another positive. All in all we remain buoyant about the short term. Keeping in mind that 19’s are trading in the 100th percentile of the last 5 years. 17’s are close behind in the 95th. It’s also important to note that all MPG’s are gaining ground, so the new found premiums we’re seeing for micron are maintaining – over 100 cents clean between 19.0 micron and 20.0 micron means that buyers aren’t just chasing wool at a price.

We’ve received further enquiry this week for 2 containers of 100% Tasmanian Merino. It is out of China and we’re trying to steer them away from being price focused, the really encouraging thing is that people are coming to us from all wool consuming countries now. And ultimately we are under no obligation to accept their price point if we don’t believe there to be a satisfactory premium for the Tasmanian story. We’re moving towards being price setters not price takers – for the first time ever. It’s been a long road getting to this point, but we knew it would take time to develop sustainable long term partnerships, rather than a flash in the pan, or worse still, marketing spin. We’re in this for Tasmanian wool growers, and we will continue to drive this on behalf of the Tasmanian industry. Please forward any enquires to

Livestock Manager’s Report

Livestock this week saw a similar trend to previous weeks. On the processing front, prime cattle and lambs held their ground and store stock (cattle and lambs) all receiving strong competition with both local and interstate demand out there for both. Today saw 800 store cattle offered at Quoiba to an incredibly strong market with the yard average of $1,064 per head!! For store stock enquiries contact your local Roberts Livestock agent to expose yourself to maximum competition.

Ram sales have continued this week with ‘Sunnybanks’ on Monday selling 27 Poll Dorset Rams to top $1,300 with an average price of $814; 19 White Suffolk Rams to top $1,700 with an average of $868 and 9 Charollais Rams to top $1,400 and an aveerage of $811.

Tuesday’s offering comprised of ‘Penrise Stud’ offering 61 White Suffolk Rams to average $958; 23 Poll Dorsets to average $641; 5 Southdowns averaging $800 and 2 Suffolks to average $700. ‘Killara’ sold 9 Poll Dorsets to average $775 per head.

Wednesday saw ‘Maccleslie Park’ sell 22 Poll Dorset Rams to average $868; 10 White Suffolks averaging $610; 14 Southdowns averaing $993 and 23 Border Leicester rams averaging $956 per head. ‘Noble Lee’ sold 12 Suffolk Rams to average $833 per head.

Finally today we have just completed Stockman Merino Ram sale with 46 Rams sold topping $8600 with an average of$1,460 per head.

More Ram sales next week (See Tas country for full details) plus 3 clearing sales again with all details in today’s Tas Country and also further down in this newsletter.

Today saw 800 store cattle offered at Quoiba to an incredibly strong market. With the yard average of $1,064 per head

As always, don’t hesitate to contact me with any questions at

Weekly Wool Report


Wool Manager’s Report

This week I am again focusing on the crossbred end of the market in an attempt to highlight the significant change we have seen in demand and subsequently the price being received.

12 months or so ago the crossbred market was operating in somewhat of a bubble, we were seeing prices reach unprecedented levels on the back of retail demand for double sided fabrics used in things like overcoats. As is the case in most commodity markets, sentiment was driving the price, rather than more sustainable “pull through” demand and we are now seeing the hangover from this.

My information coming out of China is that there are a number of mills that are holding high levels of crossbred wool that was purchased 6-12 months ago and now they are finding it very difficult to move it on.

The graph below shows the 25 micron and 28 micron price guides. While in recent weeks you can see some correlation between the two, if you look back over the past 12-18 months there is a definite trend occurring in the 28 micron (and broader) categories. The old saying “the trend is your friend” is highlighted here and should not be discounted.



Melbourne sold in isolation on Tuesday with the market responding to the lower exchange rate and adding 5-10 cents, depending on type. Wednesday saw the other centres open and the market continued on, adding a further 5-10 cents clean, with the well specified fine and superfine lots most affected.

Forecast volumes have increased slightly for the next few weeks, with roughly 50,000 bales rostered nationally next week and the week after. There are only 4 selling weeks left this year, so hopefully we can see the market get through to Christmas unscathed.

As always, please contact me at if you have any questions or comments.



Weekly Wool Report


Livestock Manager’s Report

Livestock this week saw a few slight changes with mutton sheep and store cattle and lambs continuing their strength in the market place while processing cattle and prime lambs just easing slightly with mainland numbers increasing and putting pressure on markets with the old supply and demand mechanism kicking in. Yesterday we saw a very strong store cattle market at Powranna and Quoiba shaping up next week with some very good lines of cattle (see today’s TAS COUNTRY). Demand for store lambs is strong with merino whether lambs also in demand for wool growers to take back to the paddock. Kindred clearing sale next Thursday (TAS COUNTRY for details).


Finally yesterday saw the opening of the Ram selling season for 2016 with Fairbank offering 174 ewes and Rams in their annual production sale . In short 13 Southdown ewes sold to a top of  $900 to average $630 per head. 46 Southdown Rams Top of $5,600 to average $1339, 9 Southdown x Poll Dorset Rams top $1,600 to average $1,055 , 38 White Suffolk Rams top $2000 to average $965 per head and 50 Poll Dorset Rams top at $1,400 to Average $ 914 per head with a 97% clearance rate for the day. Today  Sorell Springs merino Rams sales saw 38 Merino Rams to top at $3,100 to average $1,415 while Brooklands sold 41 Merino Rams to top $3,100 for an average of $1,248 per head. Ram sales continue next week and beyond (See Tas Country for full details).

As always, please contact with any questions or topics you’d like covered in this weekly report.

Wool Manager’s Report

At the time of writing we have just learned of the somewhat surprising result of the US federal election and the impending appointment of Donald Trump as President. While this result has very little direct impact on the local wool market, it certainly has had an effect on the main currency exchange rates the wool industry deals in. When the market opened at midday on Wednesday the euro was trading at .7067 and by 4 pm (about 1 hour after the close of the eastern market) it had fallen sharply to a low of .6721, a 5% decline. The AUD /USD exchange rate followed a similar pattern, albeit not quite to the same degree, falling from .7774 to .7595.

The sharp decline of the currency wasn’t enough to stop the market losing further ground on Wednesday, with most indicators losing between 15 and 25 cents clean on last weeks close. 28 micron was again the hardest hit, losing 35 cents on the day, a fall of 5%. Looking back to 12 months ago, 28 micron has lost close to 200 cents clean or nearly 25% in this time.

Crossbred prices are a story of three markets at the moment, the 22-26 micron range which is holding up extremely well, the broader crossbreds that are losing allot of support and the poorly prepared, “mushy” types that have nearly halved in value over the past 6 months. The large variation in price between qualities lends itself to engaging a classer in the shed to remove the finer types and take advantage of the large basis. 25 micron is currently quoted at 1110 cents clean, while 28 is quoted at 670 cents.

Looking at the most recent four week forecast of auction volumes, we are looking at another week next week of close to 50,000 bales, before reducing slightly to 42,000 to 45,000 bales, although the price reduction again this week is likely to reduce these volumes further.

If you have any questions or have a topic you would like to cover please email me

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Weekly Wool Report


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