Price correction for Lambs at Wagga Wagga

Yarding - 67,000

This week saw another significant yarding of 20,000 new season lambs, an increase of 2,000 compared to the previous sale. Southern buyers remained the most active participants, although there was a noticeable price correction of $12 to $15 per head. While competition was strong, there was a clear price threshold where buyers ceased bidding.

Young trader lambs weighing between 19-24kg sold for prices ranging from $148 to $209, averaging 818c/kg cwt. For lambs in the 24-26kg category, prices fell between $199 and $222. There was considerable fluctuation in prices for heavier export lambs weighing 27-30kg cwt, with buyers entering and exiting the sale. Prices for these heavier lambs dropped by $17, selling between $211 and $255. New season lambs returning to the paddock were priced from $124 to $180.

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Old trade lambs fetched between $140 and $195. Heavy export lamb prices decreased by $16 to $30, selling for $215 to $270 and averaging 807c/kg cwt. Meanwhile, Merino trade lamb prices remained stable, ranging from $144 to $195.

It was fair to excellent quality offering with good numbers of heavy sheep offered. Not all buyers were operating and some companies were quite selective. Restockers were also in the mix stepping into buy younger ewes. The market averaged around 300c/kg carcass weight for most classes of mutton. Heavy sheep sold from $77 to $128/head. Trade sheep fetched $54 to $86 to average 297c/kg carcass weight. Ewes back to the paddock sold from $58 to $92/head.

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