Wool market eases but has local bright spot

Nikki Finnigan of Kiaora North at Winslow with merino wool from the Kiaora and Kiaora North properties.
Nikki Finnigan of Kiaora North at Winslow with merino wool from the Kiaora and Kiaora North properties.

While the national wool market had dropped in recent days, wool is continuing to provide good returns to producers, Fox & Lillee western district representative Chris Bull says.

Mr Bull said while prices continued to fall at this week’s Wednesday market after falling by more than 50 cents a kilogram last week, the outlook for the market was still healthy.

He said prices might have dropped because the auction offerings on Wednesday might not have been as good as early last week. 

The Eastern Market Indicator fell by 52 cents to close last week at 1778 c/kg.

However local merino wool producers happy with their returns were the Finnigan family from Kiaora and Kiaora North at Winslow.

Early this month the family gained more than $2200c a kilogram greasy for two lines of wool, each of three bales.

Nikki Finnigan of Kiaora North said the prices were the highest the farms had received.

One line was 16.8 micron and the other 16.7.

The two lines were bought by the Schneider Group wool processors.

The wool was 10 months’ growth off ewes aged between three and a half years and five and a half years and were classed as best/bright lines.

The Finnigans also sold 19 bales of 17.8 micron AAAAM for 1955c/kg greasy at the sale.

Kiaora’s flock has an average of 17 micron for adult sheep.

Apart from breeding for an average 17 micron, it also aims to increase fleece weight while continuing to select sound, solid, fertile sheep. 

Its flock is based on indexed ewes from Geelong Park and Roxby.

Indexed rams and semen have been used for many years.

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