Bit down at Wagga Wagga

Yarding - 58,000

This week, the lamb market experienced a significant adjustment following last week’s exceptional highs. Prices declined from the peak of $424 recorded in the extra heavy lamb sale. While the overall market sentiment remained solid, a price correction was evident in the trade sale as well. Most buyers attended the sale, but there was a noticeable shift in their approach; buyers displayed more restraint and were not pursuing lambs as aggressively as they had the previous week.

The quality of lambs across the board was very good, particularly among trade and heavy lambs, with nearly all being grain-assisted. In terms of supply, trade lambs were reasonably available, and those that presented well—with good shape and shorter skins—attracted the most interest from buyers. For lambs weighing between 20-24 kg, prices ranged from $210 to $240 per head, while heavy trade lambs in the 24-26 kg category sold between $240 and $270 per head. Trade lamb types weighing 20-21 kg were in high demand among feedlots, reaching a peak price of $198 per head.

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On the export front, the quality of most heavy lambs was outstanding. However, it’s worth noting that a major northern processor was absent from the sale due to maintenance, which may have affected market dynamics. Heavy lambs commanded prices between $270 and $315 per head, while those over 30 kg fetched impressive prices ranging from $328 to $388 per head.

The mutton sale lost momentum, as not all processors were operating. The better heavy crossbred and Merino ewes sold for between $200 and $250 per head. Sheep weighing 26-30 kg sold from $170 to $205 per head, while trade sheep made between $140 and $180 per head.

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