Ewes sought after; wool prices ease

What is she worth? Ewe prices remained strong at Friday's fair at Balclutha while wool prices...
What is she worth? Ewe prices remained strong at Friday's fair at Balclutha while wool prices eased at last week's wool sale. Photo by Glenn Conway.
Demand for ewes shows little sign of easing, judging by demand at Friday's sale at Balclutha.

PGG Wrightson stock agent Peter Grieve said recent rain boosted demand, with some farmers leaving the sale still looking for ewes to buy.

The sale attracted 14,000 two-tooth and mixed-aged ewes, but Mr Grieve said stock showed the effects of a dry January and February.

Top two-tooths sold from $120-$130, two-shear ewes from $112-$130 and three-shear from $85-$106.

The best annual drafts sold from $80-$85, medium from $74-$78 and light from $68.

Wool prices continued to struggle at last Thursday's combined North and South Island sale of 16,000 bales.

New Zealand Wool Service International reported that better styled wools were well supported.

However, poorer quality lines eased.

Poorer style coarse fleece fell in price 4%-7%.

Reduced interest from China hit lambs' wool, which fell 2%-4% in price.

Oddments eased 6%-10%.

A small offering of well-prepared fine and coarse crossbred wool was in demand, with prices rising 1.5%-5%.

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