NEW ZEALAND MARKET REPORT - The Schneider Group

Summary

Market generally dearer except good colour fleece which tended slightly easier.

Comment

Both centres selling today. North Island offering 8,815 bales and South Island offering 10,130 bales. The selection consisted of 36% average colour full length fleece, 30% crossbred shears generally good colour, 75/150mm, 16% mainly good/average colour lambs, coarser, 2-4 inch, 13% associated oddments, and 5% miscellaneous. Competition Europe and India, supported by United Kingdom, China and local mills.

Fleece

Good colour up to 2% cheaper.

Average colour very firm.

Halfbred fleece firm to sellers favour.

Shears

Good colour up to 2% dearer.

Average colour firm.

Lambs

All descriptions generally firm.

Oddments

All descriptions seeing strong competition up to 8% dearer.

Passings

9% passed in.

Next Auction

Again no sale next week as per the roster. North Island selling Thursday 11th July 2024 with an estimated 8,100 bales on offer.