Due to Thursday’s Australia Day Holiday, the week’s sales were held on Tuesday and Wednesday. The market opened on Tuesday with a negative tone, leaving the NRI 20 cents cheaper. However, Wednesday’s market had a different feel with prices opening at the previous day’s levels and in many cases lots started showing improvement.
Style and spec again played a large role in market movement (the better the type the lesser the falls). The skirting
market closely mirrored the fleece market, although, some low spec / high vm lots struggled to find support and were
tending cheaper. The crossbred market continued to struggle with further losses of around 20 cents with the exception of 28 micron which only lost 5 cents for the week. The oddment sector also suffered losses but not to the same degree, and Sydney and Fremantle gained ground on day two, setting a positive tone for next week’s sale.
Sales continue next week with currently 42,584 bales rostered for sale in Sydney, Melbourne and Fremantle.