Wagga Sheep and Lamb report

Wagga Sheep and Lamb report

Detailed Saleyard Report – Sheep and Lamb
Market information provided by MLA’s National Livestock Reporting Service
Wagga report date 16/05/2019 comparison date 09/05/2019
Yarding 43000 Lamb 35000 Sheep 8000
Change -1000

Numbers lifted and quality was exceptional. An example of this was 150 pens of lambs making above $200/head. The lamb market continued
to strengthen amid reports processors are finding it difficult to secure well finished lambs across trade and heavy export categories. Heavy
lambs above 25kg made up the bulk of the offering, with most supplementary fed. The usual field of buyers attended. There was greater
buyer interest in trade weight lambs 22-24kg from supermarkets and niche butcher shop orders. Most lighter trade weights sold to strong
bidding, aided by feedlot demand. Restocker demand showed signs of significant improvement, with a large group of buyers stepping up, the
highlight being lambs returning to the paddock recording a top price of $173/head.
The domestic lamb market was buoyed by strong demand from processors feedlots and restockers. The bulk of the heavy trade lambs 22-
24kg gained $5, making from $186 to $206/head to average 792c/kg cwt. Light and medium trade weights averaged from 810c to 825c/kg
cwt. Merino trade lambs were keenly sought, making from $153 to $193/head. The limited availability of quality store lambs pushed prices
$15/head dearer in places. Well-bred store lambs with plenty of frame sold from $145 to $173/head. Shorn lambs suitable to feed on
attracted premium prices, receiving from $159 to $186/head.
The strength of the market was for heavy and extra heavy lambs led by strong domestic competition at times throughout the sale. Generally,
heavy lambs 24-26 sold from $194 to $220/head. Extra heavy lambs continued to surge ahead, as all buyers scrambled for a market share.
Prices lifted $12 to $25, topping at $296/head to average 808c/kg cwt.
Once again, a shortage of heavy sheep to fill Chinese orders pushed the mutton sale into overdrive. There were plenty of sales above
$200/head for Merinos and crossbred ewes. Heavy crossbred ewes topped at $250/head to average 618c/kg cwt. Heavy Merino ewes sold
above 600c, lifting $32/head to average 661c/kg cwt. Bare shorn wethers weighing 26kg surged through the 700c barrier to average 651c/kg
cwt. Trade sheep were well supplied, making from $135 to $161/head, averaging from 572c to 600c/kg cwt.