Sheep Industry News August 2022

MARKET REPORT Continued from Page 7

184 cents from the 2020-2021 season average price of 1,201 Australian cents per kg clean. For the month of June, the Aus tralian EMI ranged from 1,438 to 1,474 Australian cents per kg clean with an average of 1,425 Australian cents per kg clean. June’s EMI was a 2-percent increase from the average price in May. Compared to a year ago, the Australian EMI has im proved 10 percent. During the month of June, the Australian EMI weekly prices trended higher for three consecutive weeks before fin shing the last week of the season on a weaker tone. Season average prices for the fi er wools – between 17 and 21 micron – saw improvement over 2020-21 prices. In June, fi er wool prices were generally better when compared to May with increases ranging from 1 to 6 percent higher. Compared to a year ago, June’s prices were even to slightly weaker with the 18 to 20 micron wools posting 3- to 6-percent declines. June’s prices for the 22 to 32 micron wools were mixed com pared to those in May, but compared to a year ago prices were generally weaker.

decrease in lamb production for the year. Elevated lamb prices are likely to encourage further imports from Australia and New Zealand with levels expected to be near or slightly below 2021, which should off et some of the low lamb production. Feeder lamb prices during the fi rst half of 2022 averaged just more than $290 per cwt. – 8 percent or $22 higher than the fi rst half of 2021. For the second half of 2022, feeder lamb prices are forecast to be between $238 and $250 per cwt., put ting the annual price range at $263 to $273 per cwt., which is slightly lower than the prior year. Slaughter lamb prices fi nished the fi rst half of the year up 15 percent or $29 per cwt. from a year earlier to $218 per cwt. For the second half of the year, slaughter lamb prices are ex pected to ease lower ranging from $193 to $204 per cwt. with an annual price forecast of $203 to $213 per cwt. for a decline of about 4 percent from 2021. WOOL With the conclusion of June came the closing of the 2021-22 wool selling season. Annually, the Australian Eastern Market Indicator fi nished the season with an average price of about 1,385 Australian cents per kg clean – up 15 percent or about

As the new wool season begins, uncertainty remains sur rounding the global economic outlook and Australian ex change rates, which will continue to be concerns for global wool demand. I nfl ationary pressures are expected to remain an issue not only in the United States, but also globally. Th is is starting to aff ct some consumers, raising concerns for wool demand in the near term. Rafter 7 Merinos – A "Fresh" Genetic Source! Saturday, Sept. 10, 2022 (Saturday) – 1 p.m. Eureka, Nevada, Fairgrounds Offering: 200 Rams and 25-50 Merino Yearling Ewes * Importing "World Class" GENETICS for Over 30 Years! * From North Ashrose • Poll Boonoke (Wanganella) • Lewisdale • Hyfield • Willemenup, etc. Our 2022 Ram Sale Will Feature A Few A.I. Rams from Australian Stud Sires. ^

2022 Rafter 7 Wool Clip Topped @ $4.91/lb. (grease basis) Next @ 4.77/lb (grease basis) Next @ 4.50/lb. (grease basis)

SALTO

IMPERIAL

Body Wt. Micron C.F.

Fleece Wt.

Body Wt. Micron C.F.

Fleece Wt.

352 lbs.

17.4

99.9

37.18

360 lbs.

20.2

99.8

36.3

Gary McCuin, Director, UNR-GBREC 775-237-6134, 775-385-5248, gmccuin@unr.edu

Tom Filbin, Manager, Rafter 7 Merinos 775-221-3206, rafter7tom@yahoo.com

CONTACT:

8 • Sheep Industry News • sheepusa.org