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Latest Sales Report

Wool Sale Report for BW44 held on
7th November 2017


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Key points - The British Wool index fell 0.6% sale on sale to £1.488 clean. Total weight sold 0.824m kg Clearance 40.0% Average clean price 139.5p Average clean price YTD 150.0p Average greasy price 94.7p Average greasy price YTD 102.4p Commentary - The Wool Sales Manager was unable to attend the sale at short notice due to unforeseen circumstances and, in light of this, the decision was taken to limit our usual selling discretion. Consequently the Bidding approach of a number of buyers was different from normal. Overall pricing at the sale held firm on an artificially low clearance. The British Wool Index, which gives a like for like measure of price and which we have been using for internal purposes since the start of the season, fell by just 0.5% versus the prior sale. The index reading was 1.488 in BW44 versus 1.496 in BW43. We intend to focus on this measure as our preferred price indicator (rather than average price) from the start of the next season. The mix was relatively poor. 36% of the wool sold had a high micron score (>35) – this compares to an average of 24% in the first seven sales of the year. Just 11% of wool sold was at the finer end of the range (<32). The poor mix weighed on the average auction price which dropped to 140p per kg clean from 149p per kg last sale. Curtis bought less than half of its usual weight purchasing 327,833kg (352,219kg including IOM wool). This was slightly below the 329,803kg acquired by Standard. Modiano bought 55,382kg and G.S. Wools bought 77,478kg, its highest total year to date. H. Dawson by contrast saw its weight drop significantly, acquiring 21,424kg against its more normal level of ~160,000kg. Clegg Wools bought 8,138kg and Kent Premier bought 4,107kg. The total weight sold amounted to 824,165kg (848,551 including IOM) and as such we are now slightly behind where we were at the equivalent point last season.


Summary

Average Price Indicator (greasy) Indicator (clean) Offered Sold Clearance Current Season's
Cumulative Price
95
p/kg
103
p/kg
149
p/kg
2.07
million kgs
0.82
million kgs
40% 103
p/kg

Latest Prices

Following the last sale on 17th October 2017, we quote the following prices greasy pence per kilo:

Grade Description 2017
Sale No. 43 - 17/10/2017
p per kg
2017
Sale No. 44 - 07/11/2017
p per kg
1 Fine Ewes No. 1 - Up to 124
2 Fine Ewes No. 2 Up to 109 Up to 104
3 Medium Ewes No. 1 Up to 142 Up to 138
4 Medium Ewes No. 2 Up to 114 Up to 113
5 Mule Ewes No. 1 Up to 114 Up to 111
6 Mule Ewes No. 2 Up to 114 Up to 112
7 Cheviot Ewes No. 1 Up to 156 Up to 150
8 Cheviot Ewes No. 2 Up to 143 Up to 136
9 Fine Radnor No. 1 - -
10 Fine Radnor No. 2 Up to 103 Up to 99
11 Welsh No. 1 Up to 99 -
12 Welsh No. 2 Up to 70 Up to 67
13 Swaledale No. 1 Up to 82 Up to 81
14 Swaledale Grey Up to 63 Up to 62
15 Blackface Medium No. 1 Up to 106 Up to 103
16 Blackface No. 2 Up to 103 -

Sale History

Sale Sale Average
p/kg
Indicator (greasy)
p/kg
Indicator (clean)
p/kg
Offered
million kgs
Sold
million kgs
Clearance
%
Cumulative Price
p/kg
BW44 07/11/2017 95 103 149 2.07 0.82 40 103
BW43 17/10/2017 100 104 150 1.89 1.35 71 104
BW42 03/10/2017 100 105 151 1.93 1.52 79 104
BW41 19/09/2017 98 104 152 1.89 1.59 79 103
BW40 05/09/2017 105 105 152 1.89 1.72 91 106
BW39 15/08/2017 107 104 150 1.73 1.49 86 107
BW38 25/07/2017 108 105 153 1.53 1.05 69 107
BW37 04/07/2017 106 108 157 1.45 1.19 81 106

Sale Analysis - Spot Sales

Sale No. BW44 - Date: 07/11/2017
Overall Sale Average 95.79 p/kg
Total Offering 1,497,278 kgs
Total Sold 692,254 kgs
% Clearance 46%
Total Value £663,093.63
This Season's Clip - 2017
Overall Sale Average 94.09 p/kg
Total Offering 1,483,717 kgs
Total Sold 686,196 kgs
% Clearance 46%
Total Value £645,659.47
Last Season's Clip - 2016
Overall Sale Average 287.79 p/kg
Total Offering 13,561 kgs
Total Sold 6,058 kgs
% Clearance 45%
Total Value £17,434.00

Sale Analysis - Forward Sales

Sale No. BW44 - Date: 07/11/2017
Overall Sale Average 89.78 p/kg
Total Offering 578,995 kgs
Total Sold 131,911 kgs
% Clearance 23%
Total Value £118,423.26
This Season's Clip - 2017
Overall Sale Average 89.78 p/kg
Total Offering 578,995 kgs
Total Sold 131,911 kgs
% Clearance 23%
Total Value £118,423.26
Last Season's Clip - 2016
Overall Sale Average 0.00 p/kg
Total Offering 0 kgs
Total Sold 0 kgs
% Clearance 0%
Total Value £0.00
Next Season's Clip - 2018
Overall Sale Average 0.00 p/kg
Total Offering 0 kgs
Total Sold 0 kgs
% Clearance 0%
Total Value £0.00

Graphs

British Wool Sale Price Average p/kg

British Wool Sale % Clearance

British Fleece Wool Price Indicators p/kg

British Wool Cumulative Average Price p/kg

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