Drop in value for crossbred
Most crossbred wools at the combined Invercargill and Timaru sale in Christchurch yesterday slipped in value when compared with the Napier sale on January 10, according to the official report. Fine crossbred, 33 and 34 micron, was in sellers’ favour, medium crossbred, 35 micron, barely steady, B style, 100 to 150 mm and longer strong crossbred, 37 micron, was fully down 3 per cent; B style, 100 to 125 mm and shorter down 2 per cent; B/C and C style in buyers’ favour and the second shear in buyers’ .favour. Compared with Napier, the crossbred cotts were down 2.5 to 5 per cent, the skirtings were par to minus 2.5 per cent, and the crossbred locks and second pieces were fully down 7.5 per cent. Compared with the last Christchurch sale, on December 20, the Merino fleece was nominally unchanged, the extra fine and fine Halfbred, 25 to 27 micron, was nominally in buyers’ favour and the medium Halfbred was nominally in sellers’ favour. The Wool Board gave substantial support on lots of better style and length, by bidding on 5725 bales or 33.2 per cent of the offering and having 2198 bales, 12.8 per cent, sold or passed to it. But the board was required to bid on 35.7 per cent of the Invercargill offering of 10,075 bales
The combined market indicator for yesterday’s wool sales at Wellington and at Christchurch was 465 c clean and 346 c greasy. The following is the range of clean prices issued by the Invercargill and Timaru Woolbrokers’ Associations in conjunction with the Wool Board and Council of Wool Exporters. Medium Halfbred’ and Corriedale, 28 micron: Good 527 to 534.
Medium Halfbred and Corriedale, 29 micron: Good 519 to 526. Fine Crossbred, 33 micron: Good to 511. Medium Crossbred, 35 micron: Good 486 to 493, good average 473 to 476, poor 468 to 476. Strong Crossbred, 37 microns: Good 478 to 483, good average to 471, poor to 469. Crossbred Cotts: Av. to good 430 to 440. Second shear Crossbred, 37 micron, 75/ 125 mm: Good to 474, good average to 472. Necks Fine Crossbred, 32 micron: Average to good to 475. Pieces Crossbred, 35 micron; Average to 437. Bellies Medium crossbred, 35 micron: Average to 421. Locks
Crossbred, 35 micron: Average to good to 333.
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Press, 17 January 1986, Page 12
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388Drop in value for crossbred Press, 17 January 1986, Page 12
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