AUSTRALIAN WEEKLY MARKET REPORT
Following the softer tone at the end of sale last week, the market opened cautiously. It was however noted that buyer competition remained very active at the lower basis. It was obvious that they wanted to buy but were clearly cautious about the price paid. The tone of the auction room was different to that experienced a few months ago. Prices did stabilise on Wednesday and finished with Fremantle on a positive note compared to their previous close.
AWEX Eastern Indicator compared with 23/10/2020
Change in % -6.64%
If you want to learn more about AWEX indicators, visit the official website http://www.awex.com.au
Authentico Index Values
Change in %: -2.39
Change in %: -1.75
Change in %: -4.75
Change in %: -4.48
Change in %: -4.56
Change in %: -3.64
The quality of the Australian wool clip has improved significantly over the past 10 to 20 years. Australian sheep breeders and wool producers are extensively using ASBVs (Australian Sheep Breeding Values) to analyse the animals. ASBV’s are an estimate of an animal’s true breeding value based on pedigree and performance recorded information. They are essentially a projection of how that animal’s progeny will perform for a range of traits. As a result, Australian wool production has improved dramatically with producers committed to animal health with a focus on nutrition. This in turn has improved the productivity of the merino flock in Australia. There appears more nutrition in the wool, more staple length and a brighter and cleaner clip. All as a result of a strong animal welfare focus.
Auction offering – current week
Market Sale Offered Sold Passed In
North S 18 11488 8159 29.0%
South M 18 16313 11932 26.9%
West F 18 8122 6306 22.4%
Auction offering – next week
Market Sale Sale days Volume
North S 19 W / T 8972
South M 19 W / T 20013
West F 19 W / T 7681
If you want to see the complete Wool Sales Roster click here.