This week saw just over 34,000 bales offered nationally. The market reacted with further price rises, leaving the NRI 13 cents dearer for the week at 1372c/kg. Unlike in recent sales where it has been the finer microns enjoying most of the price rises, this week saw gains across the entire merino micron spectrum, with 16.5 to 23.0 microns enjoying rises of between 15 and 30 cents, and again premiums were evident for the lower CVH lots.
Merino skirtings were generally 20 to 30 cents dearer for the week, with the most buyer interest centred on the FNF (<2%) stylish lots. Merino cardings received excellent buyer support on a limited offering, with rises of between 15 and 25 cents recorded for the week. A large stylish selection of washing lambs offered in Fremantle attracted very strong competition and as a result were quoted up to 50 dearer compared to the previous sale.
The crossbreds market remained generally unchanged on a limited offering. Next week’s national offering is significantly larger with nearly 45,000 bales on offer.