Downward trend at Wagga Wagga

Yarding - 66,700

The market experienced a significant surge following last week’s price spike, resulting in changes to supply and demand dynamics. The quality of the yarding was fair to good, although the availability of new season lambs, particularly those exceeding 26 kg in carcass weight, remained limited. Trade lambs were available in good numbers, although some lots required more finishing. Store lambs were well-represented, with a substantial number of well-bred second-cross types presented. A strong group of store buyers participated in the sale, with many lambs destined for southern regions, while others were sold to the Forbes and Dubbo areas.

In terms of new season trade lambs, although there were good supplies, not all processors were present at the sale, which impacted pricing. Trade lambs sold for $10 to $24 less than the previous week, revealing gaps in the market as the sale progressed. Specifically, lambs weighing between 20-24 kg fetched prices ranging from $204 to $286, averaging 1123 c/kg cwt. Heavy lambs in the 24-26 kg range sold for $286 to $315, while those weighing 26-30 kg faced a downward trend due to fewer buyers in the market, with prices dropping to between $300 and $333 per head.

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Young store lambs attracted a large group of buyers, with prices ranging from $143 to $259 per head, reflecting a significantly weaker market of up to $26 per head. Meanwhile, old trade lambs showed mixed results, selling from $196 to $268 per head, while heavy old lambs commanded prices between $290 and $360 per head.

The yarding of mutton was mixed; however, heavy sheep were still well represented, with an increased number of crossbred ewes included. Buyers showed interest, but at significantly lower price levels across all categories. Generally, sheep averaged 680-720 c/kg cwt. Heavy sheep sold for between $170 and $265 per head, while trade sheep sold for $153 to $195 per head.

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