Cape Mohair Sale 24/3/15
At today’s cape mohair sale Adult/Fine adult in rand terms was 2-3% dearer. In conjunction with the stronger rand, in US dollar terms the increase was closer to 6%.
Young goats in US dollar terms were unchanged from last sale levels.
The varying quality of kids being sold today made it difficult to gauge market direction and we consider prices mostly on par/buyers favour.
Overall there was good competition for most lots resulting in a 98% clearance of the 1217 bales offered.
Due to the Easter break the next sale will be held on 21.4.15 with a similar sized offering expected. Subsequent sales are anticipated to be smaller due to the reduced receipts this season.