Farm Tender

Lamb prices bounce sharply at Wagga Wagga

Yarding - 32,850 (-1850).
Lambs - 26,600 (-1400).
Sheep - 6250 (-450).

Lamb supplies declined, however, new season lamb numbers jumped up to 14,500. Quality was excellent over old trade and heavy lamb categories, with most lambs grain assisted or finished off crop. Heavy and extra heavy lamb numbers were down but there were still an excellent selection of lambs weighing in excess of 30kg carcass weight. Restocker activity was minimal. A full field of buyers were in attendance.

New season trade lamb quality was exceptional and buyers all wanted to purchase a market share, which pushed prices up to $19/head dearer. Major domestic processors dominated the market for lambs weighing 22kg to 24kg, with other processors struggling to equal prices tendered. Old trade lambs were back in vogue with prices up to $25/head dearer. Merino trade lambs sold to a large group of buyers and all categories sold to stronger competition to average 617c to 672c/kg cwt. Young lambs returning to the paddock made from $127 to $138/head.

There was a full field of export buyers in attendance and demand was significantly stronger. Heavy and extra heavy old lambs bounced from $18 to $30/head, to average 618c/kg cwt. New season heavy lambs were keenly sought improving up to $18/head, to average 643c/kg cwt. A single pen of lambs weighing 35kg recorded a top price of $218/head.

It was another good quality yarding of mutton with heavy sheep well supplied. Heavy ewes sold to strong demand lifting by $10 to $17/head, to average 545c/kg cwt. Heavy wethers were in reasonable numbers averaging from 515c to 572c/kg cwt. Trade sheep were limited averaging 612c/kg cwt.


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