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Beyond the Bale : December 2015
MARKET INTELLIGENCE 53 Asignificant reduction of wool testing/ production has occurred in the first third of the current 2015/16 wool selling season. This period has registered a reduction of nearly 53,000 bales having been presented for testing when compared to the same period in 2014/15. This represents a short fall of 7.6 per cent year on year. Some of this figure may have been influenced by woolgrowers shearing earlier in May/June to capture the attractive prices available at the time, and possibly to avoid any discounts being applied to their clip if the wool was offered with overlong (plus 100mm GSL) sale lots. Seasonal conditions may be producing a lower per head wool cut, but this is yet to be measured properly and confirmed. A further shift to meat breeds may also be a factor, as these breeds produce much lower wool cuts per head compared to a good Merino wool cutter. The AWTA key test data shows the AM (additional measurement) results generally trending to a better alignment with the ideal specifications the buyers are requiring. Of significant note is the lowering of the position of break in the national clip to around 50 PobM and the staple strength improving to a national average of around 34nkt. PREMIUMS AND DISCOUNTS The Merino fleece sector is the wool type sector relying heavily on these figures and the following factors came up when analyzing recent wool sale prices. Generally speaking, on individual Merino fleece sale lots: • Strength gets discounted when less than 31nkt. • Strength gets a premium when 38nkt or better (particularly for lots finer than 19 micron). • PobM gets a discount when more than 70 PobM. • PobM gets a progressively higher premium when 45 PobM or lower. • GSL gets a small discount when lots test 98mm to 110mm. A larger discount is applied for lots longer than 110mm. • Ideal GSL is 76mm to 90mm. • Only a very small discount is applied to lots of 60 to 76mm GSL. • Small discounts can start to appear for lots with a dry yield lower than 60 per cent. MORE INFORMATION For more information on premiums and discounts, contact your local wool broker, visit Woolcheque at www.wool.com/woolcheque or refer to 'The Economic Value of Wool Attributes' report by Dr Elizabeth Nolan of the University of Sydney which is available on www.wool.com Notes to the table: * Figures based on a state basis of the location of where the bales were cored, not the location of where the wool was grown. * Figures are an aggregate of all wool types cored. * GSL = greasy staple length * NKT = Strength measured in newtons per kilotex * PobM = position of break middle * Yield reported is schlum dry 1% tfm WOOL PRODUCTION TESTING RESULTS MARKET INTELLIGENCE REPORT Wool production/testing has fallen in the first third of the 2015/16 wool selling season, but the qualities of this wool are suiting buyers’ requirements better. Source: www.awtawooltesting.com.au/index.php/en/statistics/key-test-data-new POBM YIELD 2014 /15 2015/16 2014/15 2015/16 Queensland 52.9 54.3 63.2 64.9 NSW 59.3 51.3 66.7 66.6 Victoria 53 48.2 66 65.4 Tasmania 44.8 46.1 71 71 SA 56.1 49.7 64.2 63.7 WA 47.8 52.7 61.9 63.1 Australia 54 50.3 65.4 65.3 AUSTRALIAN WOOL PRODUCTION PER AWTA KEY TEST DATA AS AT NOVEMBER 2015 BALES MICRON GSL NKT 2014/15 2015/16 Difference 2014/15 2015/16 2014/15 2015/16 2014/15 2015/16 Queensland 16,954 14,516 -14 .40% 19. 3 19. 3 84.1 84 29.4 34.2 NSW 221,452 199,537 -9.90% 20.6 20.4 89.2 88.3 35.4 36.3 Victoria 229,721 210,327 - 8.40% 21.3 21.2 90.7 90.1 34.7 34.3 Tasmania 23,132 18,655 -19.40% 20.4 20.5 87 87.3 39.5 40.3 SA 78,991 76,255 -3 .50% 21.3 21 95.3 94.6 32.6 36.6 WA 127,895 125,906 -1 .60% 19.5 19. 8 87.5 90.7 28.7 30.4 Australia 698,145 645,196 -7.60% 20.7 20.6 8 9.9 90.1 33.5 33.9 Year on Year comparison for first 4 months of season JULY through OCTOBER.
In the Shops - March 2016