Wool-derived protein may help diabetes management
New research has provided insight into the functional potential of wool-derived protein, with an initial trial revealing it can influence how the body responds to insulin.
The ongoing fallout from the Brexit result, continued minimal activity from China and a strong New Zealand dollar have compounded to make significant inroads into local wool values.
New Zealand Wool Services International chief executive John Dawson reports the weighted currency indicator compared to last sale lifted 0.66%, however against the GBP the New Zealand dollar strengthened a further 4.4% making a shift of over 13% since the Brexit announcement.
Market sentiment is bearish as many clients take a cautious approach during this unsettled period.
Of the 7500 bales on offer, only 54% sold as buyers become very selective, only covering immediate requirements.
Dawson advises that compared to last sale on June 30:
• Fine crossbred shears were 7 to 10% cheaper.
• A nominal selection of average style coarse full length fleece were 1 to 2% easier with poor style 9% cheaper.
• Coarse early shorn and second shears which made up 62% of the offering were 5.5 to 10% cheaper, with the shorter wools affected the most.
• Coarse Oddments were 3 to 7% easier.
Activity was restricted with exporters only covering requirements for prompt shipment mainly for Australasia and the Middle East, with limited activity for Western Europe, China and India.
Next sale on July 14 comprises about 5600 bales from the South Island, down on anticipated roster due to poor weather.
Analysis by Dunedin-based Techion New Zealand shows the cost of undetected drench resistance in sheep has exploded to an estimated $98 million a year.
Shipping disruption caused by Houthi rebels in the Red Sea has so far not impacted fertiliser prices or supply on farm.
The opportunity to spend more time on farm while providing a dedicated service for shareholders attracted new environmental manager Ben Howden to work for Waimakariri Irrigation Limited (WIL).
Federated Farmers claims that the Otago Regional Council is charging ahead unnecessarily with piling more regulation on rural communities.
Dairy sheep and goat farmers are being told to reduce milk supply as processors face a slump in global demand for their products.
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