CAPE REPORT

There was a less attractive offering of hair at today’s auction with many lots suffering from the drought conditions prior to clipping.

None the less fine kid qualities were 2% higher in price.

Young goats were 2% easier with adult types firm unchanged from previous sale levels.

The next sale will be held 15th October 2019 with better lots expected and an overall weight of 150 tons available.

Cape Report

At today’s Cape auction market uncertainty was reflected in a subdued sale. We quote as follows:

Fine Kids 25/28mic were firm unchanged.
Stronger Kids/Fine Young Goats 5/7% easier.
Strong Y. Goats/Fine Adult (32/34mic) 10/15%easier.
Adult 10% easier.

We have a 3 week gap until the next sale which will be held on the 25th September 2019.

CAPE REPORT

USD1.00 = Rand 14.4165

At today’s Cape sale there was very strong demand for all qualities, with spinner kids being extreme. A combination of low supply and continued demand is keeping the market at record levels.

Spinner Kids up 15%
Fine Kids up 2%
Strong Kids up 2%
Young Goats unchanged
Adult up 2%

The final sale of the season will be held on 18th June.

CAPE REPORT

7th May 2019
USD1.00 = Rand 14.4500

Today’s auction began firm on the levels of the previous sale last with stronger Kids 27/8mic slightly dearer.

As the sale progressed the market across the board strengthened to close more expensive for all qualities particularly on the Fine Kid types. Any Adult hair which was previously taken in was sold on the auction resulting in a good clearance figure for the whole sale.

Next sale will be held in 21st May which will be the penultimate sale of this season.

CAPE REPORT

19th March 2019
USD1.00 = Rand 14.4445

At today’s sale there was good competition from all Buyers on a much improved overall selection.

In S.A. Rand terms the market was:

Fine Kids 23/26 mic 2/3% easier
Stronger Kids 27/9 mic 2/3% easier
Fine Y. Goats 30/32 mic Par to 1% dearer
Strong Y. Goats 33 mic 5% dearer
Fine Adult/Adult Par to 1% easier

Our next sale will be held on the 16th April with approximately 160 tons to be auctioned.