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TAS Country : November 4th 2010
22 Tasmanian Country Friday, November 5, 2010 The Stock Report Bubbling along nicely WOOL REPORT Eric Hutchinson ANOTHER day, another solid rise in wool prices at sales in Sydney, Freman- tle and Melbourne. We have been at pains to point out over recent months that this is not just a supply-driven rally and in our opinion is a different proposition to prices rises seen in 2002 and 1996, and certainly the commodity bubble wool was caught up in during 2007. Cotton is trading at above American Civil War levels, so by compari- son with competing fibres we are looking very good. Certainly supply or raw wool is lower as a result of a shift to meat-focused breeds across Australia, and as discussed pre- viously stock of top and yarn in China is at much lower levels than usual, but demand is also strong. Demand is coming from the traditional sectors such as suiting and kni- twear, but increasingly wool is the fibre of choice for sporting pursuits in favour of synthetic alternatives using a circu- lar knit construction. Another factor is China, not just the hub of early-stage processing any more, but increasing- ly a major target market for the world's leading apparel brands. Take as an example Ermenigildo Zegna, who in the past 12 months sold for the first time more retail product in China that the home of con- sumption, the US. Yes, we sound bullish and, yes, we can make a pretty good case for strong prices in fine wool, particularly in the com- ing 12 months despite the strong Australian dollar -- but we could be wrong! As a producer, being analytical about profit- able prices is important. Understand costs of pro- duction, analyse forward production estimates, consider historical wool price trading ranges in both local and user cur- rencies, and don't get caught in a trap of expect- ing the market to con- tinue rising endlessly. This strong rally in wool prices should be seen as a wonderful op- portunity to set price tar- gets on expected forward production, and most im- portantly act when tar- gets are achievable at profitable levels. ROBERTS WOOL REPORT AWEX MPG Summary 2nd of November Current Change 12 Mths Ago 3 Year Ave EMI 987 38 866 867 17 1582 94 1225 1330 18 1423 63 1145 1229 18.5 1335 57 1082 1150 19 1229 66 1036 1066 19.5 1133 59 977 985 20 1035 43 926 916 21 1000 41 892 878 22 939 29 863 853 23 899 20 814 833 24 835 31 771 786 25 755 15 678 669 26 670 10 601 603 28 489 6 451 458 30 424 9 389 390 MC 626 9 563 539 2016290-101029 FAIRBANK STUD WHITE SUFFOLK SOUTHDOWN 6TH ANNUAL ON PROPERTY RAM SALE 174 STATION LANE, HAGLEY THURSDAY 11TH NOVEMBER AT 1.30 PM FRANK BADCOCK 63 922 228 CHRIS BADCOCK 0438 775 285 MNIV 7 BEEF LIVESTOCK FOR SALE Small line of cows with calves at foot. $1300 Mike Buckby 0408 174 980 BEEF LIVESTOCK WANTED Lines of store cattle. Mike Buckby 0408 174 980 10A Marlborough Street, Longford Ph: 03 6391 2811 Fax: 03 6391 2209 1-3 Rubicon St, Smithton Ph: 03 6452 1034 Fax: 6452 1089 www.landmark.com.au DAIRY LIVESTOCK FOR SALE Friesian bulls, yearlings and mature bulls $1000-$1500 3 Hereford bulls. $1300 1 Murray-Grey Bull $1250 Jersey Bulls $850 - $1100 Large qty of autumn calving cows $1300 - $1500 Autumn calving cross-bred heifers $900 - $1200 Peter Korpershoek 0438 583 108 Kent Tyson 0428 318 272 DAIRY LIVESTOCK WANTED 30 Friesian / Friesian Cross Cows in milk $1200 - $1500 depending on quality Unjoined Cross-bred heifers fit to mate. 40 recently calved spring cows, prefer x-bred. POA China calves 100kg no blood tests. Pick up on same day as selection. $850 China red tag order. 200kg. leave mid November. $1150. Peter Korpershoek 0438 583 108 Kent Tyson 0428 318 272 CATTLE AGISTMENT Weight gain agistment available, Deloraine area Kent Tyson 0428 318 272 2049422-101105 RGM/GRT34994 Prompt payment always at Greenham 6452 2701 www.greenham.com.au Vigorous promotion of Tasmanian beef Highly successful Tasmanian brands Expanding capacity Top prices, prompt payment Australia owned Six generations of experience So you only have to tick one Support the processor that supports Tasmania. Call Graeme Pretty now on 0418 505 347. We tick all these boxes Sell my cattle to Greenham Direct Importing agents and Manufactures PH Rob Ikin 0408 131 692 • USA manufactured premium pivots, micro pivots & linears • Irtec Quality hardhose irrigators • Electric and Diesel Pump Sets • Pipes and fittings SAVE $$$ Buying direct from us without compromising on Quality & Service 122 Boomers Road Launceston, 7250 www.vdlirrigation.com.au 2042837-100924
October 28th 2010
November 11th 2010