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As part of the CSIRO Fine Wool
Project, analyses of wool sale data have been carried out to
estimate the real value of differences in the style of a sale lot of
wool. This information is important to enable breeders to place
appropriate emphasis on this trait in their breeding
programs
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We have
examined the entire sale
lot data from three wool statistical areas over four years
(1991–1994). The wool statistical areas were chosen to be examples
of fine and superfine wool growing regions, and they
were:
- Wool Statistical Area N03: New England Tablelands, NSW
- Wool Statistical Area N23: Fine wool area around Yass,
Goulburn, Booroowa, NSW
- Wool Statistical Area V21: Fine wool area around Hamilton,
Victoria.
From the available sale lots
designated as originating from these three areas, we then chose only
those lots that satisfied the following conditions:
- From the sale lots
originating from the chosen WSAs, brand names (clips) were chosen
as being representative of fine/superfine wool production if the
fleece lots from that clip, in that year, averaged (on a weighted
basis) less than 21.6 µm.
- Only those lots described as
adult fleece wools (on the basis of the AWC type allocated) were
included in the analysis.
- From the sale lots
representing the chosen brand names, fleece lots with pre-sale
measurement of mean fibre diameter greater than 21.6 µm were
excluded from the subsequent analyses.
- To eliminate typographical
errors and exclude lots that did not reflect the typical
distribution of types from fine wool areas, lots with prices less
than 200¢ per kg clean were excluded from the analysis.
- To attempt to include only
those sale lots where prices received reflected the average value
of whole fleece production and not selected portions of selected
fleeces, all lots receiving prices of greater than 10,000¢ per kg
clean were excluded from the analysis. This resulted in a maximum
of 10 lots being excluded from any WSA in any one year.
These prerequisites resulted in
a data set for the analysis as indicated in Table
1.
As can be seen from the Table
the wools averaged close to Best Topmaking types. Also noticeable is
the extreme volatility in price across years.
The statistical analysis we
conducted to isolate the effect of differences in style took account
of all the identifiable influences on price. By including these
factors that influence price in one large equation, we can end up
with an estimate of the effect of style grade on price free from the
biasing effect of all other factors. |
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 In general, the results show the
following:
- Premiums for changes in
style grade in sale lots from fine and superfine wool flocks are
substantial on a per grade basis and a consistent pattern against
micron category was established. That is, premiums for improved
style grades get less as wools increase in mean fibre
diameter.
- Premiums for an improvement
of one style grade averaged approximately 200¢. However, this
ranged from zero at 21 µm, through to more than 500¢ for lots less
than 17.5 µm.
- The differences in premium
for style changes between the three regions were smaller than
those associated with diameter groups.
These results are currently
being extended to include other fine wool growing areas, and to also
include more recent years.
These results are highly
significant for fine and superfine wool growers. Rewards are
certainly there for production of high quality fleeces.
From a ram breeding perspective
the results are also important. The relative importance of style
premiums in the context of a breeding program will depend on how
variable the trait is in a breeding flock, how heritable is the
trait, and the relationships with other traits of economic
importance which are used as selection criteria.
Work is continuing in the CSIRO
Fine Wool Project to formally incorporate style and the other
additionally measured traits, such as length and strength, into
index equations that can be customised for individual breeders.
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