The poem sketches a stretch of aimless, comfortable days, probably a holiday or a stay somewhere pleasant. The speakers walk until they're tired, dressed in wool, moving from one dinner to the next. The title, "Ovine," means sheep-like, and it quietly sets the tone: these people follow a routine together, a little like a flock, without much thought.
Then the poem turns to something stranger. In the evening they go to see a ship "sunk in the clear afternoon," an odd image that mixes wreck and bright daylight, and the time slips as though the afternoon itself has swallowed the ship. The last two lines, "money for money / and self for escaped self," suggest an exchange, perhaps paying to look at the wreck, perhaps trading one thing for another with nothing gained.
The mood is dry, faintly ironic, and a bit hollow. The speaker seems to see the sheepish habits of leisure clearly, and to feel that even escape has become something bought and repeated.