08 Aug Saleyard Report – Sheep and Lamb -Wagga
Detailed Saleyard Report – Sheep and Lamb
Market information provided by MLA’s National Livestock Reporting Service
Wagga report date 08/08/2019 comparison date 01/08/2019
Yarding 44000 Lamb 33000 Sheep 11000
Numbers improved as producers rushed to offload old lambs, with prices easing at other selling centres. The market for trade lambs
strengthened as the market progressed for shorn old lambs, with plenty of long bidding rallies for the correct article. There were 3,000 new
season lambs offered and all sold to stronger competition. Restocker activity was almost non-existent, as producers wait for new season
lambs to hit the market. There were just over 11,000 Merino lambs penned and prices were quite variable. The usual field of buyers were at
the rail however, not all were operating, or buying to capacity.
Competition for trade lambs strengthened over all weight categories. Processors paid premium prices for shorter skinned old lambs increasing
notably at times throughout the sale. Heavy trade 22-24kg lambs sold $5 dearer, making from $195 to $237/head, to average 931c/kg cwt.
New season lambs quality was outstanding and price increases were recorded for all categories. The trade lambs portion gained $10, while
the heavy portion regained last week’s losses, improving $17/head to average 874c/kg cwt. Merino trade lambs sold to a large group of
buyers and most classes sold to dearer trends. Merino trade lambs sold from $150 to $224, while light lambs suitable for export made from
$102 to $160/head.
Despite less buying competition heavy lambs 24-26kg were $6 dearer, selling from $215 to $246/head. Buyers were more cautious when
competing for the extra heavy lambs. Lambs 26-30kg cwt sold unchanged to a few dollars dearer, averaging 902c/kg cwt. Lambs weighing
over 30kg cwt averaged $6 cheaper, selling from $278 to $307/head.
It was a similar sized yarding of mostly medium and heavy weight sheep. Heavy Merino ewes sold firm to $4/head cheaper averaging 576c/kg
cwt. Wethers were in reduced numbers, averaging from 570c to 613c/kg cwt. Trade sheep prices were mostly unchanged, selling from $120
to $148/head, to average 576c/kg cwt.