Market Report CP Wool May 2019

Posted on Posted in General, Newsletter, Wool

Market Report from CP Wool with Casey Skews

Market update as at 29 April 2019

Market Update

A challenging year to date for the strong wool crossbred market. We have seen a large amount of poor coloured wool enter the market due to earlier climatic conditions of heat and rain throughout most of the country. Any good coloured wools therefore have been sought after including lambs wool especially the better coloured combing types.

Fine and mid micron wools are still keenly sort after and the outlook going forward looks to be encouraging. To date we have seen only limited volumes enter the New Zealand market but there is cautious optimism leading into the autumn musters.

Preparation in the shed is more important than ever. We are seeing lines discounted in the sale room where oddments are not removed, or where necks or eye clips containing vegetable matter are left in the main line. It is still very important to keep the standards up. If you are unsure what to do please contact your local CP Wool Rep for advice.