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TAS Country : July 2010
20 Tasmanian Country Friday, July 30, 2010 Stock Report ROBERTS WOOL REPORT AWEX MPG Summary July 16 Current Change 12 Mths Ago 3 Year Ave EMI 876 0 786 870 17 1233 0 1244 1365 18 1133 0 1112 1233 18.5 1091 0 1044 1153 19 1025 0 963 1070 19.5 964 0 881 991 20 931 0 807 920 21 922 0 794 881 22 904 0 785 855 23 887 0 775 834 24 836 0 753 787 25 717 0 696 669 26 628 0 646 603 28 460 0 497 459 30 406 0 438 388 MC 609 0 499 537 All quiet on the woollen front ERIC HUTCHINSON THERE were no wool sales this week, with auction sales to resume in the second week of August. Inquiry from the trade this week has been slow, though the fall in the Aust- ralian dollar to US89.5c led to some buyers purchasing via the internet on Wooltrade. This is a traditionally quiet time for Europe in particular and we can ex- pect more interest as they come back from their hol- iday period. One area of particular interest we have had in recent weeks is for broad crossbred wool being used in carpets. Traditionally the home for this 35- to 40-micron wool is New Zealand, but demand is strong and buyers are seeking to source reliable supplies from Australia. Very little of the true carpet wool is produced in Australia today. Breeds such as Tukidale, Drysdale and Elliotdale produced a special type of modulated fibre that is perfect for making beautiful carpets. Producers in Tasmania are encouraged to contact Roberts Wool to discuss supply of these types in the future. Prices being offered for this wool are about 100c/kg higher than for the normal Leicester types. Just a reminder for those growers who have committed to the RWL pool but have not yet returned contracts, now is the time please! Local lamb strong with Asian interest market TALK Richard Bailey The other good news story revolves around Greenham's Tasmania expanding their plant and in particular their boning room so they can increase their kill.' A FEW more good news stories this week and to start with, Australian lamb exports to South East Asia and Greater China during 2009-10 jumped 26 per cent on the previous year to a record 34,549 tonnes. The M.L.A. say that despite the continuing tight light lamb through- put, a surge in heavy export lambs coupled with consistently strong de- mand from the region helped to underpin shipments during the second half of 2009-10. Demand for lamb breast and flap and rack cap from China continued to drive exports to South East Asia and Greater China during 2009-10. Breast and flap and rack cap shipments jumped 37 per cent and 2 per cent year-on-year respectively, accounting for 55 per cent and 14 per cent of the total lamb trade to the region. Exports of lamb shoulder to this region bounced 37 per cent mainly driven by demand in Malaysia where the cut is served in foodservice or packed in modern retail outlets. This is just another example of how well the lamb export job is set up with numbers of markets and most are still growing strongly despite high lamb prices and a high dollar. While still on lambs and I have just seen this week's results from the Auction Plus sale this morning. There were just over 2,000 prime lambs sold at rates between 480c and 500c/kg with most heavy lambs making $118 to $138/head and trade lambs $10.50 to $115/head. There was very keen Victorian competition added to our regular Queensland wholesaler with all be- ing bought by these buyers. Most lamb processors killing in Tasmania have adjusted their over- the-hooks downwards this week, but it would appear that there is still very good interstate interest on well fin- ished lambs. We should see a flush of new seasons lambs in Northern Victoria and Southern NSW in the very near future which may put some pressure on the old lamb prices. The other good news story re- volves around Greenham's Tas- mania expanding their plant and in particular their boning room so they can increase their kill. This is very positive and shows the confidence they have in our beef industry. The other news from Peter Greenham is that they are changing the ratio of where their beef is going. Greenhams used to export 70 per cent of its beef to Japan but now sends 70 per cent to the domestic markets with their MSA graded beef getting a good foot hold in big domestic markets. Prompt payment always at Greenham 6452 2701 www.greenham.com.au We ve seen a reduction in cattle numbers through the plant in the last week as the cold weather takes hold and growth slows dramatically right throughout the state. The markets are also asking for less meat. We are seeing greater numbers of yearlings this winter than last due to the good autumn. It really shows that a good season is beneficial for the whole supply chain. JAPANESE OPPORTUNITIES STILL TOUGH As we reported last month, the Japanese market is being flooded with northern beef and it s making trading in the south very hard. The gap between Tasmanian beef and Queensland beef is at its peak and our customers are looking to reduce prices wherever they can. Providing enough product is also a problem -- it always comes down to a compromise between quantity and price. Our Japanese chilled beef trade falls every year but on the positive side we are picking up other replacement markets. As a result we are currently looking for Angus heifers suitable for feedlot entry to keep up with the demand in these new markets. There s good money available for local producers of those cattle. FALLING DOLLAR AFFECTS KOREA The Korean market is also very quiet. Australian beef exports to Korea are just holding the majority share, but that share has dropped from historical levels of around 75% to 52%. US dollar prices have fallen dramatically in the past month and with our rising Aussie dollar we are looking at some very low prices. This is likely to continue until the next holiday in September. LOCAL DEMAND SLOWING AS WELL The domestic market is usually our saviour but it hasn t been very encouraging over the last month. Volume sales are still in place but we ve had to adjust prices downwards to maintain those volumes. We have an excellent network of retailers now but when there is a slowing in the market everybody feels it. We are working on some customers who will give us some winter cushioning but these are still a couple of seasons away. I think the local market will be slow for the next six weeks, but we ll see things pick up by mid-August or early September and our prices should rise as well. IMPORTANT ANNOUNCEMENT -- TEMPORARY PLANT CLOSURE The Smithton plant will close for major upgrade works on Friday, September 3 and reopen on Monday, September 20. We apologise for the inconvenience. The result will be a more modern plant with greater capacity. Peter Greenham Greenham s Corner From the Manager, Peter Greenham You can sell to us liveweight at: • Smithton Greenham Plant, Mon--Fri, 9am--noon • Osmaston 670 Osmaston Rd, Mon, 9am--noon • Howth Kennaglen, Tues, 9am--noon • Ringarooma 69 East Maurice Rd, Wed, 9am--noon Like to know more? Then just ring: Elliot Mainwaring Circular Head 6456 1300 0419 131 458 Nick Strickland Central / N-W 6433 3230 0417 335 843 Ian Millen Central East 6344 8915 0408 133 685 Daniel Sinclair North-East 0428 384 484 Ron Crack King Island 0400 895 133 Michael Ardle South 0428 134 122 Wayne Oliver Statewide 6362 3682 0419 358 441 Cade Ebdon Statewide 0409 437 950 Graeme Pretty Livestock Controller 0418 505 347 RGM/GRT34843B
August 5th 2010