WOOL OUTLOOK

Wool prices have fallen in recent months as weak demand conditions weighed down the market in spite of low supply. The start to the new 2012/2013 season in Australia and New Zealand has been disappointing with a 2-percent decline in the Australian Eastern Market Indicator in the first week of sales (although it was a 5-percent drop in Australian-dollar terms). Compared with a year earlier, wool prices are between 17-percent and 25-percent lower, although prices in July 2011 were at or near record highs.

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MEETING PROVIDES DROUGHT INFORMATION FOR LIVESTOCK PRODUCERS

JEAN CASPERS-SIMMET

Iowa State University Extension livestock specialist Russ Euken addressed drought concerns for livestock at an Aug. 8 meeting at the Butler County Extension office in Allison.

“Until we get rain and cooler temperatures, most cool season pastures will not be very productive if they have any growth at all,” Euken said. “Consider feeding cows in a sacrifice area or paddock that may need reseeding. If we do get rain, let pastures recover before grazing.”

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