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Wool

On Diverging Paths: Merinos & Their Wool

The Australian Merino has long been bred for the range of income opportunities it presents to farmers, with the divergent paths for wool prices and livestock prices in 2020 bringing this into sharp focus. While not unfamiliar to volatility, the onset of the Covid-19 pandemic and associated economic uncertainty contributed to the wool market slumping to its lowest levels since October 2012. Highlighting their versatility, while wool retreated, the demand for Merinos stayed strong with improved seasonal conditions and fierce restocker demand underpinning historically high sheep prices.

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