AUSTRALIAN WEEKLY MARKET REPORT - The Schneider Group

Comment

The market isn’t showing any great indication to move either way. Prices seems to be relatively stable around this level. This is a good result considering the general lack of confidence. The shining lights are at either ends of the wool supply spectrum. The ultrafine types, sub 15.0 micron, and the crossbred types are those in the keenest demand. In the middle, where supply is the greatest, buyers are able to be more selective, but their does appear to be a strong underlying base. All buyers are operating daily across a range of types and specification, looking for value.

AWEX Eastern Indicator compared with 29/09/23

Eastern Indicator

Close: 1138

Change in % +0.2

Authentico Index Values

15 Micron

Close: 3546

Change in %: +2

16 Micron

Close: 2398

Change in %: -1.1

17 Micron

Close: 1831

Change in %: -2.6

18 Micron

Close: 1648

Change in %: -0.9

19 Micron

Close: 1542

Change in %: +1.1

Authentico Indicator

Close: 2032

Change in %: -0.7

Forecast

Seasonal conditions are changing, and this is changing the general offering of wool. Vegetable matter is reducing, and we are noting a small increase in wool with a higher mid break on offer. The quality of fine and superfine wool has been outstanding so far. There appears to be less ultrafine wool (sub-14.5). The main reason being that the younger sheep are in much better condition than they were this time last year when the season was very wet. In the wet, the young sheep struggled the most. This could be one reason why the ultrafine prices are remaining quite buoyant.

Auction offering – current week

Market	Sale	Offered	Sold	Passed In
North	S 14	12380	11617	6.2%
South	M 14	18760	17338	7.6%
West	F 14	6019	5521	8.3%

Auction offering – next week

Market	Sale	Sale days	Volume
North	S 15	T / W	11799
South	M 15	T / W	22759
West	F 15	T / W	7708

If you want to see the complete Wool Sales Roster click here.