Thursday, March 28, 2024

Lambs’ wool leads way at latest auctions

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Lambs’ wool was well sought after at Thursday’s Napier and Christchurch auctions though some of the price detail was mixed.
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At Christchurch the 31 to 33 micron lambs’ wool firmed strongly while 29 and 30 micron eased. 

At Napier the 29 micron wool 2 to 3 inches long jumped 12% in price.

Lambs’ wool makes up a large percentage of the Napier offering at this time of year. New, second-shear, adult wool coming forward sold well, PGG Wrightson North Island auctioneer Steve Fussell said though prices were slightly lower than a fortnight earlier.

At Christchurch the less stylish crossbred ewe wool struggled for traction and prices were mainly lower than the previous sale a week earlier, PGW South Island sales manager Dave Burridge said.

Across the two sales and the 20,000 bales offered Napier had a 98% clearance rate, well ahead of the South Island result, which had 22% passed in.

Sales included (by micron level, price per kg/clean) NAPIER: Full wool, good-to-average colour: 37, $3.19, steady; 38, $3.25, up 5c. Crossbred second-shear: 37, 2-to-3 inches, $2.83, down 20c; 39, 3-to-5 inches, $3.15, steady; 2-to-3 inches, $2.87, down 16c. Lambs: 29, 2-to-3 inches, $6.05, up 66c; 30, 2-to-3 inches, $5.50, steady. CHRISTCHURCH: Full wool, good-to-average colour: 32, $5.07, down 39c; 33, $4.65, down 29c; 34, $4.23, down 17c; 35, $3.42, up 2c; 36, $3.10, down 10c; 37, $3.01, down 4c; 38, $2.95, down 10c; 39, $2.96, down 8c. Crossbred, second-shear: 33, 3-to-4 inches, $4.27, down 10c; 35, 3-to-4 inches, $3.25, down 13c; 2-to-3 inches, $3, down 5c; 37, 3-to-4 inches, $3.06, down 2c; 2-to-3 inches, $3, down 4c; 39, 3-to-5 inches, $3.01, down 4c; 3-to-4 inches, $3.01, down 3c; 2-to-3 inches, $2.95, down 6c. Crossbred lambs, first shear: 29, $5.95, down 40c; 30, $5.70, down 18c; 31, $4.76, up 24c; 32, $4.50, up 20c; 33, $4.23, up 18c.

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