The house of fibre kicked off its career under very trying circumstances, but are very proud of what was achieved. Although we were the new kid on the block, we already assumed the position of being the biggest broker on auction, and achieved the best prices of the day, including the highest price of the auction! The economy of the world is in turmoil, with the trade war between the USA and China. This caused a total lack of demand from China, and not even the weakening Rand (-5%) could help the downward trend. All brokers did give some resistance, stabilizing the markets.
This report was compiled by Pierre van der Vyver, General Manager; The House of Fibre.

 

INDICATOR PRICE MOVEMENT

 

KIDS : R 413.46 (+ 15%)
YOUNG GOATS : R 296.18 (-5%)
ADULTS : R 246.46 (- 15%)
OVERALL : R 247.42 (-12%)

 

LOT REPRESENTATION

 

OFFERED : 248
SOLD : 217
CLEARED : 85%

 

MICRON PRICE MOVEMENT

 

24/5 MIC : R 462.00
26/7 MIC : R 409.00
28/9 MIC : R 383.00
30/1 MIC : R 305.00
32/3 MIC : R 236.00
34/5/6 MIC : R 230.00
37/8 MIC : R 222.00

 

BEST PRICES

 

WINTER KIDS

 

PK Steynberg, Graaf- Reinet: R 512.00 /kg
House of Fibre Bins: R 502.50 /kg
JL Moolman, Somerset East- Oos / East: R 490.10 /kg
AJ Louw, Carnavon: R 490.00 /kg
JW Truter, Somerset East- Oos / East: R 465.00 /kg
PJ Nel, Somerset East / Oos: R 460.00 /kg

 

WINTER YOUNG GOATS

 

House of Fibre Bins: R 365.00 /kg
House of Fibre Bins: R 360.00 /kg
House of Fibre Bins: R 350.10 /kg
House of Fibre Bins: R 350.00 /kg

 

ADULTS

 

PK Steynberg, Graaf- Reinet: R 320.00 /kg
House of Fibre Bins: R 300.00 /kg
AJ Louw, Carnavon: R 295.00 /kg
Kareekrans Boerdery, Somerset- Oos / East: R 280.00 /kg
House of Fibre Bins: R 275.10 /kg