Top wool advocate bales out
The conversion of productive farmland into trees has pretty much annihilated the wool industry.
New Zealand Wool Services International marketing executive, Malcolm Ching reports that the 15,000 bales on offer from both centres this week saw a slight easing for most types.
Higher volumes than anticipated, a stronger New Zealand dollar and sluggish overseas interest over the past weeks added to the softer tone.
Despite the easier market, 93% sold. The weighted currency indicator lifted 0.83%.
Ching advises that compared to the December 3 sale, Mid Micron Fleece were 2.5 to 4% cheaper.
Compared to the North Island sale of December 10, Fine Crossbred Fleece and Shears were generally 1 to 3% cheaper however some specific types resisted this trend.
Coarse Crossbred good colour fleece remained firm with average and poor styles 1 to 2% easier.
Crossbred Shears were firm to 2% cheaper with good support for the better style shorter wools.
First Lambs eased 1.5 to 3%. Oddments received varied support, ranging from firm to 6% cheaper.
There was good competition with China, Australasia and Western Europe principals supported by Middle East, United Kingdom and India.
The next sale is on January 7, 2016 comprising about 13,000 bales from the North Island.
A major feature of the Ashburton A&P Show, to be held on October 31 and November 1, will be the annual trans-Tasman Sheep Dog Trial test match, with the best heading dogs from both sides of the Tasman going head-to-head in two teams of four.
Fewer bobby calves are heading to the works this season, as more dairy farmers recognise the value of rearing calves for beef.
The key to a dairy system that generates high profit with a low emissions intensity is using low footprint feed, says Fonterra program manager on-farm excellence, Louise Cook.
Rural retailer Farmlands has reported a return to profitability, something the co-operative says shows clear progress in the second year of its five-year strategy.
According to a new report, the Safer Rides initiative, which offered farmers heavily discounted crush protection devices (CPDs) for quad bikes, has made a significant impact in raising awareness and action around farm vehicle safety.
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