AUSTRALIAN WEEKLY MARKET REPORT

Comment

The market was dearer again, following on from the more positive tone last week. The finest and broadest merino types recorded the biggest gains. This would largely be a reflection of supply. There is still limited supply of fine and broad merinos with most of the selection fitting into the 18.5 / 20.0 – micron range. With the buyer activity yesterday focused strongly on securing quantity, the market premiums for quality were limited. All types and descriptions within a particular micron range sold within a narrow range of price. As a result, the low yields and high mid break lots sold with minimal discount.

AWEX Eastern Indicator compared with 03/07/2020

Eastern Indicator

Close: 1134

Change in % +1.61

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Authentico Index Values

15 Micron

Close: 2353

Change in %:  -0.72

16 Micron

Close: 2045

Change in %: +4.23

17 Micron

Close: 1792

Change in %: +4.13

18 Micron

Close: 1549

Change in %: +0.65

19 Micron

Close: 1400

Change in %: -1.06

Authentico Indicator

Close: 1787

Change in %: +2.17

Forecast

Sales will resume in the first week of August. The positive market finish should help to promote some trading activity during the recess.

Auction offering – current week

Market          Sale          Offered             Sold       Passed In

North                      S 02                     11273                       10645                 5.6%

South                     M 02                    19682                       18465                 6.2%

West                       F 02                      4307                         3970                  7.8%

Auction offering – next week

Market          Sale          Sale days          Volume

North                      recess

South                      recess

West                        recess

 

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