Farm Tender

Competition very erratic causing huge price spreads at Wagga Wagga

Yarding - 53,000 (+12,200).
Lambs - 43,000 (+9000).
Sheep - 10,000 (+3200).

Lamb supplies increased significantly on the back of last week’s lift in prices. New season lamb supplies rose to 31,400 head. The quality of the new season lambs was exceptional over trade and heavy lamb categories. Most old lambs were grain assisted or finished off grass and lucerne stands. Heavy and extra heavy lamb numbers again declined. A few more restockers entered the market due to bigger supplies of lambs 18 to 20kg cwt. A full field of buyers were in attendance and all were operating however competition was very erratic causing huge price spreads across trade and heavy categories.

In the trade market Victorian processors were subdued this week however, northern domestic processors stepped up paying the top prices for lambs 22 to 24kg. Despite the outstanding selection of young lambs prices eased $7 to $9/head. New season lambs 22 to 24kg average 824c/kg cwt. Merino trade lambs sold to weaker competition. The bulk of these lambs made from $152 to 189/head. For the first time this season there was a good selection of lambs to suit restockers, most weighed 18 to 20kg cwt. The general run sold from $152 to $176/head. A full field of buyers were at the rail along with limited competition from major domestic processors. Heavy and extra heavy lamb new season lamb prices were firm to $5/head cheaper. New season lambs 26 to 30kg sold from $212 to $247/head. Lambs weighing in excess of 30kgcwt were keenly sought after selling from $234 to $276/head. Extra heavy old lambs recorded a top price of $293.20/head. Heavy merino lambs sold $22 cheaper making from $194 to $210/head.

It was a mixed quality yarding of sheep and not all buyers operated. Heavy ewes sold to strong demand improving $9 to $10/head to average 620c/kg cwt. Trade ewes sold from $113 to $150/head to average 615c/kg cwt. Merino ewes returning to the paddock sold from $156 to $198/head.


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