Last week saw an unusual selling pattern, with sales held on Tuesday and Wednesday to accommodate for Wool
Week activities on Thursday. From the opening hammer prices were quickly and heavily discounted, with most merino types trading at levels 30- 50 cents below the previous sale. The lesser style & strength lots were the hardest hit, leaving the NRI 24 cents cheaper.
Wednesday saw further losses, with the medium to broader MPG’s 5-10 cents cheaper while the finer indicators bucked the trend and gained some ground, leaving the NRI to close the day 5 cents cheaper at 1650 (a 29 cent correction for the week). The skirting market closely mirrored the fleece, with most types and descriptions generally easing by 20-40 cents. The crossbred sector also recorded losses with all microns easing 10-30 cents for the week.
This weeks sales will be held in all three centres with 44,750 bales currently rostered for sale.