Commodity prices saw broad-based gains in February, with meat and steel increasing while wool fell.

It might sound like something straight out of the 2006 horror comedy Black Sheep, but woolly mutants are leading our scientists toward intriguing discoveries - and innovative new products.

New Zealand lamb wool prices continued to decline at this week's auction amid lacklustre demand during the peak production period. The

Kopere Downs has been a shearer for 20 years, and now he's reached a major milestone. He has shorn his millionth sheep. Made with funding from NZ On Air.

Kopere Downs has been a shearer for 20 years, and now he's reached a major milestone. He has shorn his millionth sheep. Made with funding from NZ On Air.

Three shearers from different corners of the country have smashed a world shearing record - 1611 strongwool ewes between them in just eight hours. Made with funding from NZ On Air.

Wool prices at this week's auction fell, particularly for varieties sourced from the North Island.

Weak overseas demand for the fibre is likely to see the country's stockpiles rise to the highest level since the Global Financial Crisis.

The chance to get your hands Tirau's giant animal couple has now gone - with the corrugated sheep and ram sold to a buyer this week.

He is well known for his passion for plants, but this may be the strangest crop the Prince of Wales has yet tried to raise. Prince

A woman who stole thousands of dollars worth of wool told police she needed money to help pay for a family funeral. Flora Elizabeth

NZ Merino has signed a five-year, $45 million deal to supply fine wool to Italian luxury fabric manufacturer Successori Reda.

A rejigging of Cavalier Bremworth's operations will see up to 68 jobs lost from Whanganui and 36 from Christchurch.

Cavalier Corporation has started consultation with its manufacturing staff in Christchurch and Whanganui in relation to a proposed consolidation of its carpet operations.

New Zealand wool prices held firm at auction even though buyers from China, the country's largest export market, were absent.

Wool prices rose at the first auction following the Christmas and New Year holiday period, helped by the lower New Zealand dollar.

The Commerce Commission approved a plan for Cavalier Wool Holdings to acquire New Zealand Wool Services International's wool scouring business and assets.

Glerups, the Danish woollen slipper maker, has extended its contract with New Zealand woolgrowers to meet increased demand for its product.

New Zealand lamb wool prices jumped to a record high amid strong demand from exporters and limited supplies.

If NZ taxpayers have provided a businessman with a sheep farm in compensation for his loss, it raises many more questions than Minister Murray McCully has been inclined to answer.

New Zealand's smallest annual wool clip in six years reflects the lowest sheep flock in more than 70 years.

Wool auction volumes are set to increase next week as farmers who have been holding out put their bales on the market.

New Zealand wool prices rose at auction, with lamb wool touching a fresh four-year high and crossbred wool hitting a six-month high, stoked by a weaker local currency and low seasonal supply.

Sheep meat prices have fallen by about 10 per cent over the past two months, driven by a drop in demand in China and difficult conditions in another important export market - Britain.

Wool prices have recovered some lost ground and are expected to remain steady throughout the year, says ASB Bank in its latest commodities report.

New Zealand wool prices remained steady at the latest weekly auction as volumes decline following the end of the main shearing season.

The New Zealand Merino Company, which markets wool to customers on behalf of suppliers, has inked an $8 million one-year deal to supply 600 tonnes of New Zealand fine and medium micron wool to US....

Mobile pod housing, starting from $97,900, is arriving in New Zealand in response to our housing crisis.

New Zealand lamb wool prices jumped to their highest level in almost four years this week.

Kiwis are used to making a living off a sheep's back.