NEW ZEALAND MARKET REPORT

Summary

Market generally firm.

Comment

North Island only offering 10,000 bales this week.  The selection consisted of 36% crossbred lambs, 28.0 to 30.0 micron average/poor colour, 29% crossbred second shear, bulk 75mm average/poor colour, 21% crossbred ewe fleece average/poor colour 75/125mm and longer and 14% associated oddments.  In a limited selection of good colour shears and fleece these were slightly neglected, with the focus on average colour showing some general gains finishing on a positive note.  Good colour lambs were well supported throughout.  United Kingdom and Australasian mills main with support from the Indian sub continent and China.

Fleece

Good colour buyers favour.

Poorer style 2.5% dearer.

Second Shears

Good colour buyers favour.

Poorer style 2.5% dearer.

Lambs

Good style lambs 5% dearer.

Oddments

All descriptions firm.

Passings

24% passed in.

Next Auction

South Island only offering 10,500 bales Thursday 31st March.