Price weakness at Wagga Wagga

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Yarding - 64,050

The lamb sale saw numbers similar to the previous week, though the quality of the offerings was notably plainer. Two-thirds of the lambs in the offering were store lambs in varying conditions. While not all domestic buyers were able to attend the sale, the market displayed weakness across trade and light lambs, and prices fluctuated depending on the quality and the buyer.

New season lambs in the trade market experienced a decline in competition, resulting in a price drop of $4 to $11 per head. Prices remained mainly within the range of 420c to 520ckg cwt. Young lambs, weighing between 21 and 24kg were sold at $95 to $130 per head. Old trade lambs were relatively scarce, with most pens containing small lots of 20 to 60 head. Heavy old lambs were also consistent, with a single pen of 36 kilograms selling for $175. Merino lambs were in limited supply and fetched prices ranging from $50 to $85 per head. Store lambs and light lambs intended for processors were somewhat mixed, with a $10 decline in price, possibly due to reduced interstate competition.

In the heavy export market, all major companies actively pursued lambs with weight. Young lambs weighing between 26 and 30kg remained mostly unchanged in price, ranging from $140 to $165 per head. For lambs weighing over 30kg, buyers engaged in competitive bidding for the limited supply, resulting in prices ranging from $165 to $178 per head.

Mutton numbers saw a lift in supply, and the quality varied from very good to fair. Heavy ewe mutton faced steady competition, primarily between two buyers, resulting in prices that were mostly stable, with only a slight decrease, averaging 127c/kg for the heaviest portion. Trade sheep were in big demand by a large group of processors, fetching prices between 108 and 134c/kg. Light sheep made from $22 to $29/head.

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