Prices better for crossbred wool

Press, 6 December 1985, Page 17

Prices better for crossbred wool

Strong competition from wool buyers for crossbred lines, Particularly those from Southland, was a feature of the combined Timaru and Invercargill wool sale at Christchurch yesterday. Prices for crossbred wool were fully in sellers favour compared with recent rates. The offering provided buyers with the first good selection of crossbred fleece this season in the South Island and the improved demand was encouraging for growers. Buyers from Eastern Europe and the Far East provided most of the competition. The Wool Board bought, or had passed to it, only six per cent of the offering, or 1207 bales. The board bid on 13.1 per cent. Most of the board’s purchases were Merino or fine Halfbred wool. The low level of activity by the board contrasts with heavy support (above 50 per cent of the market) it gave earlier in the season before the intervention prices were lowered. Competition for crossbred grew stronger as the sale progressed. An expected shortfall in the amount of wool in future sales contributed to the keen demand from exporters. A substantial offering of good-coloured, well-grown, Lincoln wool from growers throughout the South Island attracted wide interest and sold at a premium above the market price. Lincoln prices included 430 c (greasy) for 125 mm to 175 mm fleece of good colour, 390 c for 100 mm to 125 mm fleece of off-colour, and 387 c for 75mm to 125 mm second-shear wool. The market indicator was 329 c greasy (324 c at the last Christchurch sale) and 442 c clean (435 c The following list of leading prices is expressed in greasy terms, with the dry yield in brackets: One bale of superfine Merino woolly hogget from D.M.C. Burnett (Mt Cook station)

headed the sale with a price of 915 c (79.8). Among other lots from Mt Cook station were single-bale lines of superfine two-tooth at 820 c (74.1), extra fine two-tooth at 860 c (71.7) and 859 c (72.7), and superfine woolly hogget at 822 c (71.6). Five bales of fine Merino woolly hogget from A. A. and P. A. Innes (Black Forest station) sold at 859 c (73.2). Extra fine Merino woolly hogget from Omahau Partnership (Twizel) sold at 821 c (69.2) for eight bales, and four bales of fine two-tooth reached 817 c (71.3) The same vendors received 758 c (72.2) for nine bales of fine Merino, and 749 c (68.1) for nine bales of Merino. J. R. Innes (Waihaorunga) sold five bales of fine Merino woolly hogget at 784 c (68.7) and three bales of medium at 742 c (67.5). Estate R. H. Simpson (Fairlie) received 754 c (64.3) for six bales of fine. Two single-bale lines of Merino woolly hogget from Pentland Hills station (Waimate) sold at 756 c (66.2) and 743 c (65.1). Other prices above 700 c included Glentanner Station (Lake Pukaki) with 738 c (70.6) for eight bales of fine woolly hogget; P. J. Patterson (Omarama), two bales of medium woolly hogget at 709 c (71.6) and 16 bales of fine at 701 c (70.8) and five bales of fine at 705 c (71.2). Godley Peaks station (Lake Tekapo) was paid 693 c twice for 10 bales (69.6) of extra fine woolly Merino hogget, and 10 bales (69.6) of extra fine wether. D. A. Aubrey (Rangitata Gorge) received 688 c (65.5) for six bales of extra fine woolly hogget. Crossbred sales were led by 11 bales from W. Sinclair (Oamaru) with a price of 377 c (82.2) G. Sugrue (Ashburton) sold nine bales of crossbred shorn hogget at 369 c (80), Spaxton Downs Partnership (Ashburton) nine bales of similar description at 365 c (80.3), and J. M. Jaine (Mayfield) four bales of strong shorn hogget at 362 c (77.2). Eleven bales of crossbred ewe fleece from W. D. Brown (Temuka) made 360 c (78.4). Other crossbred shorn hogget sales included 353 c (76.7) for seven bales from J. M. and Mrs D. Smith (Geraldine); 353 c (75.3) for 12 bales from D. A. Hiestand (Ashburton); 355 (78.3) for 12 bales from J. C. D. Abbott (Ashburton), and 351 c (75.4) for five bales from W. T.

Taylor and Company (Fairlie). Ten bales of fine shorn hogget from Glencoe Farm, Ltd (Fairlie) made 351 c (76). A line of eight, bales of Romney shorn hoggett from J. M. H. Sutherland (Waimate) sold at 358 c (77), and 11 bales of similar from Shenley station (Albury) made 350 c (79.9). R. J. and E. A. Quigley (Mayfield) received 350 c (76.9) for 13 bales of Romney, T. J. Keenan (Peel Forest), 350 c (76.8) for 22 bales of crossbred, A. L. and E. W. Bennett (Ashburton), 350 c (76.6) for 17 bales, and K. W. and P. J. Johnston (Ashburton) 350 c (76.7) for 14 bales. Coopworth shorn hogget from R. G. Metcalf (Rangitata) reached 373 c (80.4) followed by 358 c (79.1) for 11 bales of Coopworth from D. L. and M. A. Ross (Ashburton). Other Coopworth prices included 352 c (79) for five bales from J. W. Greenslade (Ashburton), 350 c (77) for 13 bales from J. K. Nish (Ashburton) 354 c (75.1) for 16 bales of shorn hogget from D. J. Martin (Waimate), and 353 c (77) for eight bales of medium shorn hogget from J. O. Acland (Peel Forest).. Four bales of Perendale cross woolly hogget from A. H. and P. H. Meldrum (Waimate) sold at 355 c (77.2) and Leslie Downs (Fairlie) received 354 c (75.5) for 15 bales of similar description. R. F. K. Guilford (Geraldine) was paid 348 c (73.3) for four bales. R. J. Aubrey (Omarama) received 463 c (67.8) for 12 bales of extra fine quarterbred wether, and I. A. Maxwell (Rangitata Gorge) sold two lines of Polwarth at 503 c (61.9) for four bales, and 521 c (64.1) for seven bales. An undisclosed vendor sold 11 bales of fine Corriedale woolly hogget at 381 c (70.1) and A. G. Mcßae (Hakataramea Valley) four bales of fine wether at 377 c (69.1). Clayton station (Fairlie) received 366 c (69.8) for eight bales of fine Corriedale woolly hogget, and W. A. and M. W. Simpson (Oamaru) sold eight bales of Halfbred woolly hogget at 465 c (69.7) The order of the Timaru catalogue was Pyne, Gould, Guinness 2100 bales, 200 lots; Dalgety Crown, 2649 bales, 243 lots; Wrightson N.M.A., 3195 bales, 320 lots; total, 7944 bales, 763 lots. The Invercargill catalogue contained 12,156 bales in 955 lots.