Following the stellar performance of the opening sale, the second sale of the year was more subdued with buyers becoming more selective in their purchases, and once again discounting the various faults they have recently over looked. Price reductions were felt across the entire merino spectrum pushing the Northern Region Indicator (NRI) down 7 cents, to close the week at 1901 (although it did manage a 12 cent rise when viewed in USD terms).
The skirtings market tracked a similar path to the fleece, with good spec lots selling at similar levels to the previous sale, while others were quickly discounted 10-30cents. The oddment market experienced a sharp correction, with locks, stains & crutchings shedding 40-60 cents, lambs however went against the trend and managed to record further gains of 20-30 cents with some finer types
The crossbred market eased further with 26.0 to 30.0 micron recording general losses of 5-20 cents, with the better prepared lines less affected.