Mar­ket opens cheaper af­ter break

Tasmanian Country - - THE STOCK REPORT - Alis­tair Calvert

THERE was a lot of an­tic­i­pa­tion about how the mar­ket would open up this week af­ter the tra­di­tional one-week Easter re­cess.

Early fore­casts showed a sharp jump in ros­ter vol­umes with close to 60,000 bales ini­tially es­ti­mated.

In to­day’s terms 60,000 bales is a very large vol­ume week and when we con­sider that ev­ery Merino bale is worth 50 per cent more than 12 months ago, it was go­ing stretch the trade’s abil­ity fund the week’s sales.

Thank­fully we didn’t see the full 60,000 bales come to mar­ket, with fi­nal num­bers com­ing in un­der 55,000 which no doubt helped with the sen­tiquoted to to ment as buy­ers sat down to sales in all three cen­tres on Wed­nes­day.

Un­for­tu­nately the slightly neg­a­tive tone that was cir­cu­lat­ing dur­ing the break couldn’t be fully ig­nored and the mar­ket opened up cheaper, with 18.5 to 23 mi­cron most af­fected.

Th­ese mid mi­crons lost be­tween 15 and 30 cents for the day, while both finer Merino types and cross­breds were un­changed. Look­ing at the mar­ket in a lit­tle more depth and we can see some changes in the of­fer­ing be­gin­ning to take ef­fect, in par­tic­u­lar the veg­etable mat­ter con­tent af­ter the good spring and sum­mer ex­pe­ri­enced up and down the east­ern se­aboard. Merino fleece in the north­ern re­gion is av­er­ag­ing nearly 2.5 per cent VM, while their skirt­ings are closer to 8 per cent.

The same is ap­pear­ing in the south, al­beit not quite as dra­matic at two per cent and 6.5 per cent re­spec­tively.

This bodes well for our FNF (free near free) Tas­ma­nian clip as it be­gins to come on line.

On an­other note, the en­try forms for this year’s Camp­bell Town Show are out and can be found on their web­site.

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