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TAS Country : February 2nd 2012
18 Tasmanian Country Friday, February 3, 2012 The Stock Report Superfine back in favour ERIC HUTCHISON SUPERFINE wool is on the move again after what has been a very lacklustre six months. This is illustrated no better than the year-on- year comparison of prices in the table, right. We have mentioned this before and have pointed to the poor economic con- ditions in Europe resulting in poor consumer demand for discretionary spending. That, in turn, is impacting on the prices paid in Aust- ralia for this end of the market. Although not listed on the table, according to AWEX, the gap between 16.5 and 17 microns is growing and now stands at 210c/kg, reflecting a re- newed interest in the this end of the market. Although not reflected in the AWEX quotes, but based on sales we have made in the past two weeks on Wooltrade, 16.5 and finer are perhaps 200c to 300c/kg greasy better than before Christmas. This is also true for 17.5 micron but to a lesser extent. All this bodes well for the Tasmanian Wool Sale to be held on February 14 in Melbourne. For exporters this is one of the last opportunities this season to buy high quality superfine wool in reasonable volumes. Meanwhile, there have been some interesting developments in the retail market around the world. Zegna Baruffa, one of the world's largest manufac- tures of knitting yarns introduced a new product at Pitti Filati (yarn show) in Florence called ''Brand New Wool''. Perhaps not the most inspirational name, but ac- cording to Baruffa it offers a '' new range of yarns in Super 120s (17.5 micron) available in Nm 2/60 and Nm 2/80 . . . yarns designed for super comfort knitwear -- beautiful fabrics that ab- sorb perspiration and gradually release moisture to the outside of the fabric leaving the skin feeling fresh and dry. Another innovation clo- ser to home comes from work done by The Merino Company (TMC) which de- scribe their new merino yarn Enciel as '' a world first in wool that surpasses the standards for white- ness and true colour. Using the Spectrawool process they have had fabrics measured at 161.48 on the CIE Gantz scale, this has exceeded expectations of 155 and means that Enciel is whiter than optically white cotton. The industry norm for wool is 131 on the same scale.'' ROBERTS WOOL REPORT AWEX MPG Summary February 2, 2012 Current Change 12 mths ago 3-year av EMI 1195 1 1255 1004 17 1687 4 2353 1466 18 1511 0 2074 1407 18.5 1456 -4 1876 1317 19 1419 2 1608 1220 19.5 1386 -1 1399 1133 20 1338 1 1201 1060 21 1299 2 1151 1025 22 1293 -1 1105 990 23 1277 6 1059 948 24 1119 -16 966 871 25 902 11 824 761 26 769 -10 781 682 28 596 0 583 530 30 524 0 510 472 MC 702 7 717 635 Chesford tops Santa sales CHESFORD Santa Ger- trudis Stud at Wynyard sold a pure Santa yearling steer through Greenhams at Smithton with a HDW 322kg for $1190. This steer was graded MSA+ with 10mm fat cover. Chesford also sold two pure Santa cows through Greenhams, topping at HDW 392kg, for a return of $1175.70. The cows were graded C3, fat31.5andanEMAof86to 89. Take risk out of forage crops DUAL CROPPING: Good forage management can increase yields from dairy herds. GROWING forage crops for dairy feed provides high yields but carries some risk. Rather than avoiding risk, farmers are encour- aged to understand and manage it. Future Dairy's feedbase science leader, Associate Professor Yani Garcia, said complementary for- age systems (CFS) offered a way to dramatically in- crease home-grown feed from limited land or water. A CFS involves growing two or more forage crops from the same area of land in a given year. Typically they include a bulk crop, such as maize for silage or sorghum, and a legume or other crop to provide feed during the autumn or winter. ''Growing forages, or a CFS in particular, involves changes at different levels of the farming system. Most of the associated risks can be managed, once they are understood,'' Mr Garcia said. ''The risks with growing forage crops fall into five areas: climate, price, human (or management), financial and environ- mental. Variable seasonal conditions can affect crop yields, quality and wast- age. There are three things you can do to manage climate risk. ''First, select crops that are suited to your specific climate and soils. Having the wrong cul- tivars or hybrids increases climate risk. ''Secondly, maintain a flexible approach to feedbase management. Monitor the seasonal out- look and adjust your plans if needed. ''Thirdly, ensure you have access to enough irri- gation (if available).'' A CFS relies on having enough irrigation water to achieve the target yield of your bulk crop. ''Make sure your irri- gation allocation is enough to cover crop require- ments, even in a low- rainfall season,'' Mr Garcia said. ''If the water available is not enough, lower your yield expectations and use irrigation to supplement natural winter rainfall, for example to germinate early-sown brassica or annual ryegrass. ''Uncertainty or varia- bility in milk price and the price of key inputs, such as grain, can affect the per- formance of a CFS. ''While we don't have any control over the price of milk or inputs, we can make our system less ex- posed to them. ''ACFSisawayto increase milk production per hectare without in- creasing the amount of purchased feed. ''If you rely less on purchased feed, such as supplements or hay, you are less affected by price fluctuations. ''Price risk can also be managed with careful planning before starting a CFS. Prepare an accurate budget in advance. Allow for new costs associated with capital investment such as a mixer wagon or feedpad. ''And aim for an operat- ing profit with a safety margin so an unexpected milk price decrease will not result in a loss.'' Management skills and decision-making ability affect the performance of a CFS. It involves higher costs, so profitability relies on achieving high yields. ''Make sure you have the systems in place and the skills needed to achieve target yields, of both the crops and pastures,'' Mr Garcia said. ''Don't forget that a CFS is still a pasture-based sys- tem. A common mistake is to spend more time and money in the cropping area than the pastures. The result is poor pasture utilisation which will de- feat the purpose of the CFS. ''Uncertainty due to the level of financial exposure can affect the success of a CFS. Financial risk is af- fected by the level of equity and the capacity of the business to service debt.'' The key to managing financial risk is to main- tain a reasonable level of equity. ''Prepare a cash-flow budget to plan the year ahead and how the spread of cash expenses will be covered by cash income,'' Mr Garcia said. ''Environmental risk re- fers to uncertainty about the potential impact of a CFS on the environment. ''If managed properly, an intensified system, such as the CFS, does not necess- arily have a greater en- vironmental impact than a pasture-only system. ''Nutrient budgeting is a useful tool for managing environmental risk. ''At the end of the day, everyone has their own level of risk that they are comfortable with.'' Remember that most risk types cannot be avoid- ed, but they can be man- aged, Mr Garcia said. ''The way you manage them can make a big diff- erence to the end result,'' he said. 2037558-120203 You are invited to a free field day at Tasmania Feedlot, Powranna The Angus Society of Australia Tasmania Committee, and Tasmania Feedlot, invite you to an informative day with international guest speakers focussing on animal requirements and welfare including a feedlot update from the Managing Director Andrew Thompson. When: Friday 24th February, 10.30-1.30pm including a tour of the feedlot and BBQ lunch Where: Tas Feedlot, Midlands Highway, Powranna RSVP essential for catering purposes to the Angus Society State Secretary Sarah Cole -- 0407 051 047 or firstname.lastname@example.org Tasmania Feedlot Pty Ltd ALL BREEDS WELCOME
January 26th 2012
February 9th 2012