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The ongoing sell off continued at Wagga Wagga

Yarding - 38,500 (+2300).
Lambs - 32,000 (+2400).
Sheep - 6500 (-100).

Lamb numbers were moderately higher. The ongoing sell off continues as producers push heavy lambs onto the market in a bid to avoid any further price corrections during the weeks ahead. Quality once again outstanding over trade and heavy lamb categories, with most lamb’s grain assisted or finished on crop. Heavy and extra heavy lambs’ numbers lifted and lambs over 30kg cwt were in greater numbers. There were limited supplies of lighter weight lambs with most selling to processors. Restocker and feedlot buying activity was reduced with buyers cautious over teeth issues.

Prices for domestic lambs hit a hurdle with falls of up to $11/head recorded. Demand was the issue with major processors inundated with over the hook lambs. Heavy trade, 22 to 24kg, made from $181 to $214/head to average 851c/kg cwt. The most expensive trade lambs on a carcass weight basis were the 21 to 22kg types which averaged 870c/kg cwt. There were a couple of pens of new season lambs, with prices making from $181 to $213/head. Merino trade lambs sold to the usual group of buyers and all categories sold to weaker competition to average 789c/kg cwt. Secondary lambs sold from $122 to $175/head.

There were the usual export buyers at the rail along with some major domestic processor competition, Price results for heavy lambs varied although domestic competition did help prop up prices at times. Lambs 26 to 30/kg sold from $210 to $240 averaging 788c/kg cwt. Lambsweighing over 30kg cwt firmed making from $233 to $277/head averaging 731c/kg cwt.

It was another good quality yarding of mutton with heavy sheep well supplied. Heavy crossbred ewes averaged 582c/kg cwt. Heavy Merino ewes made from $154 to $196/head. Trade sheep sold close to last week’s price levels making from $146 to $160/head averaging 629c/kgc wt. Merino ewes returning to the paddock sold at $110 to $222/head.

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