Prices are only slightly above last years, the demand seems to be fairly strong.
Recent increases in the Australia wool market have translated into only a slight improvement in prices for U.S. wools primarily because of the continued strengthening of the U.S. dollar. Several years ago, the exchange rate was at about 85 U.S. to 1 dollar Australian. Differences in currency exchange rates should correct for themselves over time, but that offers no relief in the short run. On the positive side, the demand for wool seems to be fairly good. Prices on the middle grades of wool seem to be running 5 to 10 above last year's levels.