Tuesday, January 22, 2019
Short fleece wool supply still on the rise
Greasy wool premiums and discounts fluctuate primarily in response to changes in supply. Supply usually has a strong seasonal cyclic component, along with multi-year trends which are stimulated by changes in relative prices for different wool types. This article is a quick update on the supply of short staple (“prem”) merino fleece.
Friday, January 18, 2019
Weekly Wool Forwards for week ending 18 January 2019
A bit of action was seen in the 19 and 21 micron categories to kick off 2019 for the wool forward market and some interesting developments in the coarse wool forwards gave growers a chance with crossbreds to get some cover at great levels.
Thursday, January 17, 2019
Big discounts starting to work for finer crossbreds
Finer crossbred prices have jumped this week, with 26 and 28 micron indicators up by 40 cents on the first day of sales (Tuesday). Compared to Merino combing and carding prices, crossbreds have been cheap in recent years. The broader the crossbred, the lower the price as New Zealand farmers will attest to. This article takes a brief look at the 28 micron category.
Tuesday, January 15, 2019
Fibre prices heading lower
Wool is part of a group of apparel fibres, some of which are much larger, such as polyester and cotton, and some much smaller, such as alpaca. Issues specific to wool will help to push wool prices around but ultimately wool prices will follow the general trend of the apparel markets. With this in mind, this article looks at what is happening to some of the larger apparel fibre prices.
Thursday, January 10, 2019
Merino micron at a low point.
Wool production depends on the flock size, flock demographics and the average production per animal. Seasonal conditions profoundly affect the flock size and per animal production. In the absence of detailed pasture data for all sheep regions, rainfall is used in this article as a proxy for pasture in order to look at the biggest quality characteristic of Merino wool, fibre diameter.
Tuesday, January 08, 2019
Wool supply trends continue
The latest (December 2018) AWTA core test volumes show a continuation of recent trends. Under-supply remains a big issue for the broader Merino micron categories through the supply chain, while sub-17 micron volumes are in surplus. This article reviews recent volume data as a refresher.
Friday, December 14, 2018
Weekly Wool Forwards for week ending 14th December 2018
The last week of physical wool auctions before the Christmas recess saw steady activity on the forwards market with just five trades.
Thursday, December 13, 2018
Prem Merino fleece supplies trending up
Shearing at shorter intervals continues to be popular. Cardings prices are in the process of re-setting themselves at a lower price in relation to combing length wool (larger discounts in effect) after a great five year run of high prices/small discounts. Given this background, we look at the supply of shorter length Merino combing fleece wool and applicable discounts in this article.
Thursday, December 13, 2018
Regional Rainfall Update - November 2018
Mecardo have created a series of regional rainfall charts across the nation in order to compare the current seasonal rainfall on a monthly basis to the long term average levels and the normal/extreme ranges.
Tuesday, December 11, 2018
Real broad wool prices
A reader has asked about British broad wool prices, (as in mid-30 micron and broader) which make up only a very small part of the Australian wool clip. New Zealand is the key producer, with other regions such as the United Kingdom also producing this type of wool. This article takes a brief look at the prices for these types.