Prices across the entire merino spectrum suffered corrections, with reductions of 20- 30 cents common for the week. The main exception was 22.0 micron which managed small increases as well as the superfine end which continued to be erratic on a limited offering. By the end of the sale the Northern Region Indicator had shed 15 cents to close the week at 1,837 cents.
Although all types and descriptions lost ground, it was lots possessing high midbreaks that suffered the greatest reductions, while those with low midbreaks recorded very little change.
The skirting market performed slightly better with prices generally reduced by 10-20 cents (wools containing less than 3.0% vm and those with excellent AM results were least affected). The crossbred & oddment markets bucked the trend with rises of 10- 30 cents common.
No sales will be held next week due to the annual Easter recess. Sales resume in Week 41 with a current forecast of 48,809 bales rostered.