Saleyard Report – Sheep and Lamb -Wagga

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 30/05/2019 comparison date 23/05/2019
Yarding 51000 Lamb 40000 Sheep 11000
Change 7000

Numbers lifted significantly on the back of last week’s dearer trends. Quality for trade and heavy lamb classes was excellent, with most
supplementary fed. Continuing demand drove prices toward record levels at the Wagga selling centre, with trade lambs benefiting from
stronger domestic processors competition. A shortage of heavy lambs at other selling centres ignited the bidding over all weights ranges. The
usual field of buyers attended. Restocker and feedlot competition lifted to new levels, recording a top price of $194/head
The domestic lamb market continued to surge ahead, buoyed by stronger demand from domestic processors, feedlots and restockers. The
bulk of the heavy trade lambs 22-24kg gained $10, making from $206 to $227/head to average 940c/kg cwt. Light and medium trade weight
lambs averaged from 897c to 940c/kg cwt. Merino trade lambs were keenly sought, making from $154 to $223/head. There was a greater
selection of quality store lambs on offer and restockers and feedlots paid premium prices for lambs with frame. Well bred store lambs sold
from $145 to $183/head. Shorn lambs suitable to feed on attracted superior prices, making from $162 to $194/head.
The strong point of the market was for heavy and extra heavy lambs, led by major domestic buyers and several export companies. Generally,
heavy lambs 24-26kg sold from $231 to $260/head. Prices for extra heavy lambs gathered pace, recording a top price of $337.20/head. Prices
lifted $13 to $30/head to average 913c/kg cwt.
Sheep numbers increased and all weights and grades were represented. The market fluctuated over all categories, with some buyers deciding
not to operate as the sale progressed. Heavy crossbred ewes topped at $269/head to average 665c/kg cwt. The heavy Merino ewes sold
pushed over 700c to average 660c/kg. Merino wethers weighing 26kg plus sold from $170 to $253/head. Trade sheep were well supplied,
receiving from $110 to $169/head, averaging 622c/kg cwt.