Footrot breakthrough could be a boost to wool cheques
Strong wool growers wanting to introduce merino genetics, to take advantage of more lucrative fine wool prices, can now do so with confidence.
Of the 6,500 bales on offer 97.5% sold.
The weighted indicator for the main trading currencies was up 1.35% compared to the last sale on 19th November, accounting for a corresponding local market reduction in some sectors.
Dawson advises that the finer end of the Fine Crossbred Fleece were up to 1.5% dearer with the stronger end buyer's favour.
Fine Crossbred Shears 3 to 5 and 3 to 4 inches were firm to 2.5% cheaper with the shorter lengths firm to 2% dearer.
Coarse Crossbred Full Fleece were 1.5% cheaper with Coarse Shears firm to 2% dearer.
Long Oddments remained firm with shorter oddments 3 to 7% cheaper.
Lambs Fleece were nominally unchanged.
Well spread competition with China and Australasia principals supported by Western Europe, Middle East, India and the United Kingdom.
Next sale on 3 December will comprise of approximately 5,000 bales from the South Island with the North Island sale cancelled due to weather affecting shearing.
