Domestic Wool Slow,
Aussie Wools Higher

GREELEY, Colo. —(USDA)— Wool trading remains seasonally slow due primarily to light available supplies. Demand was moderate to good following sharp price advances in Australia over the past two weeks.

In warehouse trading, 40,000 pounds of graded, staple 27 micron brought $1.20 clean delivered two weeks ago. In Wyoming, 12,000 pounds of original bag, bellies out and untied, staple, average yield 21.5 micron was 90 cents grease net f.o.b. the producer.

Australia’s eastern market indicator was up 37 to close at 1178A cents per kilo clean; the two-week price advance was 199 points. A total of 56,180 bales were offered and clearance was 94 percent. The grease 21 micron wool contracts for October were up two at 1260, December up 16 at 1258, February up 11 at 1247, April up 12 at 1237, June up nine at 1223 and August up seven at 1200. The 19 micron cash clean wool contracts for October were up 71 at 1412, December up 69 at 1422, February up 70 at 1428, and April up 55 at 1413. The 23 micron cash clean contracts for October were up seven at 1225, December up 18 at 1223, February up 21 at 1215, and April up 30 at 1210. The Australian dollar is .5410 U.S. compared to .4922 and an indicator of 753A last year.

New Zealand sales were higher on all classes. Strong wool was up 54 at 510, medium wool up 77 at 923 and finewool up 38 at 1607. A total of 12,755 bales were offered and clearance was 95 percent. The New Zealand currency is .4736 U.S. compared to .4040 last year.