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Month: June 2017

Weekly Wool Report


Wool Manager’s Report

I write this week’s wool report from the airport returning from the last of the 2016/17 Tasmanian wool offerings in Melbourne.

With one selling day left in the season it is probably a little premature to look at the year that was (I will leave that up to Rob next week) but suffice it to say, for the most part it has been a good year for wool.

Merino types have now been going on what you would have to describe as a bull run for the best part of 6 months, fine crossbred types, in particular the well-bred Corriedales have recovered somewhat and are selling at acceptable levels, cardings have managed to hold on to their new higher basis, leaving really only the 30 micron and coarser crossbreds that have disappointed somewhat.

On Wednesday this week we saw the market give up the gains from last week, along with a bit extra. Most Chinese merino types were quoted 50 cents cheaper on the day with high vegetable matter and low tensile strength lots weighing heavily on the market. The European spec types were least affected, and in some cases within the Tasmanian catalogue quoted dearer on the previous week.

While the offering quality might have a little to do with the correction seen on Wednesday it is not the whole story.

On Monday afternoon of each week preceding a sale week AWEX distributes a four week forecast of the volume of wool allocated for sale in the upcoming weeks. This week we saw the forecast come out suggesting next week’s sale (the first for the new selling season) would have an increase in volume from the previous forecast only a week ago of nearly 27% or virtually 11,000 bales.

Of course I understand the reasons why this is the case, with many farmers having good income years it is pretty easy to hold over wool into the new tax year. I do however fail to understand why those brokers behind the sharp jump in volume next week were not aware (or failed to report it more likely) of this as recently as 7 days earlier.

The other question that should be asked is why dump this wool in the first week of the season? Last I checked there is 44 selling weeks in a season, not one.

The market was probably always going to be a little softer this week but we certainly don’t need poor information flow contributing to the softer tone turning what could be described as a price check into more like a price correction.

Please email me with any questions or topics you might like covered

Weekly Livestock Update with Warren Johnston

Livestock markets around the country all followed similar trends this week with an easing in cattle prices both Prime and Store on Mainland states with Tasmania being less affected, but a glimmer of softening going forward. Lambs continued on a similar trend , softening in Victorian markets early in the week , and not recovering as the week went on , other than some spot sales on AuctionsPlus yesterday with a solid result of $147 for a line on hard prime domestic weight lambs that well and truly eclipsed the Tuesday markets in the North . Mutton still holds its line and continues to sell well with limited numbers coming forward in any of the marketing channels. One of the big impacts at present appears to be a large number of Abattoirs / Processors that are either closing or part closing for Annual Maintenance and therefore restricting the size of the killing capacity Nationally and hampering markets directly week on week . All in all, the markets are still at very respectful rates and providing great returns although a softening. On a positive note, Quoiba prime cattle market continues to buck the trend with quality cattle eclipsing National Markets with quality going into the mid 360-370 cents per kg liveweight .

Clearing sales this week have been very successful with very good clearance rates of heavy equipment. Ellsan Appaloosas will hold their Final Dispersal of Horse and saddlery equipment and small hay suitable for the equestrian scene ( Full details Tas Country or Roberts website).Friday 14th July 11am.

Lastly with the NEW BJD Biosecurity Plan coming into effect immediately , ALL breeders of Beef cattle are encouraged to complete a Biosecurity plan to enable them to access all markets going forward . More details can be found on our website or talk to one of our agents to assist in finding the right information.

Ranelagh Sale Wed 5th July.

Quoiba Store Sale Friday 7th July.

Weekly Wool Market Update

Wool Bulletin - 23062017

Weekly Livestock Update with Warren Johnston

This week saw some mixed results in the Livestock world with prices generally finding a firm market with the only slight dip in the lamb yard with quality and weight being the main factor in this change .

Mutton continues its wonderful run with prices maintaining record levels along with rams that are still sitting at record ever prices and demand .

Processing cattle are in demand as we are the thick of winter , with some excellent results / prices being realised .

Yesterday saw the start of the monthly store cattle markets at Powranna open in the wake of a very successful weaner selling season , with strong demand for all descriptions with young British bred steers and heifers selling to excellent rates . Angus steers 232kg / $940 or 406 cents , Angus heifers 225kg /$870 or 380 cents per kg live weight. Hereford steers  311kg /$1100 or 355 cents while their younger brothers 276kg/$1090 or 401 cents per kg liveweight . One pen of Angus steers 277kg/$1110 per head or 401 cents per kg live going to the local feedlot for backgrounding . Grown steers 600kg realised $1800 while PTIC Red Angus cows topped at $1700 per head .

Dairy Livestock have some very good cows on the market at present , along with export orders for Friesian Heifers within three categories to fill quickly .

Yesterday saw a good offering of scanned in lamb ewes offered account Creese North East 3 yr Ewes topping at $216 while the 4yr sisters made $190 for a total clearance .

Oatlands next Sheep and Lamb sale Thursday 13th July.  PL and SA Elliot clearing sale , Bishopsbourne, next Thursday 29th June 11am .

For further details on the above please refer to or Today’s Tas Country.

Weekly Wool Report

Wool Bulletin - 16062017Wool Bulletin - 16062017

Wool Manager’s Report

There were a shade over 30,000 bales offered nationally this week, with all three selling centers in operation. The market stabilized last Thursday, and showed positive signs in early trade this week. All merino categories firmed between 20 and 30 cents, the most encouraging thing was how Fremantle closed on Wednesday afternoon. With WA being on the same time zone as Shanghai, they can field enquiry from Chinese buyers while their market is still in operation so a strong close there is generally a good indicator as to how the market will open in the Eastern states the following day.

In last week’s column we mentioned the disparity between Sydney and Melbourne markets, mainly dictated by the quality of the selection. Wednesday this week there was a comparatively large offering of Tasmanian wool on in Melbourne, and this had a positive impact on Melbourne’s indicators, firming above Sydney’s levels. A testament to the quality of the Tasmanian clip compared to other Southern states. The 18.5 micron indicator closed north of 2000 cents clean. Another positive is that Xbreds between 26.0 and 33.0 micron firmed 5 to 10 cents as well. Unfortunately the carpet types, 34.0 and broader are still struggling with an over supply worldwide, our mail on this sector is that this could be a long term cycle and greasy stocks from NZ, South America and the UK will need to clear before we see any significant upside here.

It’s hard to believe but we are only weeks away from the end of the selling season, if we can enter the recess on a positive note that would be a great outcome. Sydney and Melbourne are the only centers selling next week with a shade over 23,000 bales on offer.

Please send any questions or topics for discussion to

Weekly Wool Report

Wool Bulletin 09062017

Wool Manager’s Report

The market this week saw only 24,000 bales offered over two days in Melbourne and Sydney, with Fremantle moving to their fortnightly roster due to lower volumes in Western Australia.

After a couple of tough weeks for the finer end of the market we were watching in anticipation as to whether the trend was to continue this week.

The market in Sydney had held up a little better than Melbourne recently due to a couple of factors; the quality of the fine and superfine wool on offer, as well as the fact that there remains a couple of buyers that choose to procure wool from the northern region exclusively.

On Wednesday this week we saw this disparity correct slightly with the 19 micron and finer types in Sydney losing 20-30 cents clean on last weeks close, whereas Melbourne was virtually unchanged. Overall the Eastern Market Indicator lost 5 cents in AUD cents for the day, while in USD it gained a solid 19 cents.

Within both markets the lots displaying poorer additional measurement results, low staple strength, high mid breaks, high VM etc weighed the market down as buyers became more selective, seeking out the better testing lots.

This bodes well for the Tasmanian wool clip as it begins to come into store. With the effects of a better growing season and our traditional “free near free” VM types, our wool should come under buying pressure.

On another note, it is worth mentioning that we are again seeing buyers ship wool directly out of Tasmania for export to Asia. This is a good development and as the trade become more comfortable with the shipping services on offer they can reduce shipping costs not having to include transhipment to Melbourne. This of course only works when buyers can put together full container lots from Tasmania.

Volumes continue to decline over coming weeks with 25-30,000 bales rostered. If you have any questions or have a topic you would like covered please email them to

Weekly Wool Report

Wool Bulletin - Roberts 02062017

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