NEW ZEALAND MARKET REPORT

Summary

Market mixed .

Comment

South Island only today offering 8,610 bales.  The selection consisted of 35% crossbred fleece average to poor colour, 75/150mm, 20% crossbred second shear mainly good colour, 75mm +/-, 26% lambs mainly good colour, 16% associated oddments and 3% miscellaneous types.  Main competition on the good colour were Europe and the United Kingdom with China and India soaking up the poor colour fleece with support from local mills.

Fleece

Good colour crossbred fleece up to 3% cheaper.

Poorer colour crossbred fleece firm to sellers favour.

Shears

Good colour shears firm to sellers favour.

Lambs

Good colour & low VM lambs keenly sought after and 2% dearer.

Average colour lambs firm to sellers favour.

Poor colour lambs firm in a limited selection.

Oddments

2/4 inch crossbred oddments up to 10% dearer.

Lamb oddments firm.

All other oddments firm to buyers favour.

Passings

15% passed in.

Next Auction

North Island only offering 6,000 bales Thursday 5th May 2024.