$10/kg barrier broken at Wagga Wagga

Yarding - 48,000

The market dynamics showed stronger competition among buyers, particularly in a smaller yarding where the pressure to secure heavier lambs became evident. With each agent offering a limited selection of heavy lambs, the bidding quickly transitioned to trade and then lighter weights, intensifying the urgency for buyers to make their purchases early. One notable trend was the premium prices commanded by shorn lambs, which often broke the 1000c/kg barrier, for the top drafts. Meanwhile, most new season young lambs presented were in wool and dry, indicating a shift in supply characteristics. All buyers, with the exception of one exporter, were present at the sale, each eager to secure their share of the market.

In the trade market, prices saw a significant uptick, increasing by $15 across various weight categories. The best trade lambs, weighing between 21-24kg, sold for impressive figures at $176 to $226, averaging 890c/kg cwt. Lambs in the 24-26kg range were well supplied, with prices jumping by $25 to average $245 per head, highlighting the strong demand for heavier weights.

The Farmers Club - For Ag Enthusiasts Join The Farmers Club here.

On the export front, the market exhibited no boundaries, with prices soaring by an impressive $28. Buyers found themselves engaged in lengthy bidding duels, each vying for well finished lambs with weight. Heavy lambs commanded premium prices, selling between $259 and $285/head, and averaging 963c/kg cwt, underscoring the lack of supply.

With more rain on the horizon the sheep sale stepped up another gear, as buyers wanted plenty of sheep in reserve, particularly northern processors. Heavy sheep gained $9 to average 399c/kg cwt. Trade sheep sold from $71 to $115 to average around 361c/kg cwt.

https://wagga.nsw.gov.au/business-investment/council-businesses/livestock-marketing-centre