NEW ZEALAND MARKET REPORT

Summary

Market consolidates.

Comment

South Island offering 7,300 bales and North Island offering 11,200 bales.  The selection consisted of 35% crossbred fleece, mainly average style 3/5″, 4/6″, 18% crossbred second shears average/good style bulk 3″, 32% lambs mainly good style 2/3″, 10% associated oddments and 5% miscellaneous types.  Keen widespread competition across most sectors with buyers again competing strongly for the more favourable, better colour types.  With general gains over the past two weeks the sale consolidated today and finished strongly on a positive note.

Fleece

Good style very firm.

Average style tending buyers favour.

Shears

Good style very firm.

Average style tending buyers favour.

Lambs

Buyers favour.

Oddments

All descriptions up to 5% dearer.

Passings

3% Passed In.

Next Auction

South Island only offering 9,200 bales on 25th March.