Wagga Sheep Market Report

All data provided by 

Report Date: 3rd July 2025

Total Yarding: 47,000

Commentary

In the wake of last week’s upward trends, numbers lifted. The market has again shown a stronger performance, buoyed by a lift in demand from domestic and export processors. This caused a significant uptick in prices, particularly for trade and heavy export weight lambs. The quality of lambs presented ranged from excellent to fair, with lighter weight lambs fair to plainer. Trade and heavy lambs were predominantly grain-assisted. A notable feature of this week’s sale was the resurgence in prices for trade types and Merino lambs, which saw a marked increase compared to previous weeks. Despite the keen interest in heavy lambs, the overall offering lacked weight. Additionally, there was a noticeable absence of strong competition from store or feedlot buyers, with only a handful of orders active in the market.

Trade lambs emerged as the hot ticket item right from the start of the sale, with prices for well-presented lambs coming off grain soaring. Lambs weighing between 20-24kg fetched prices ranging from $204 to $290, averaging an impressive 1160c/kg carcass weight. Meanwhile, those in the 24-26kg category commanded prices between $280 and $319/head, with a supermarket dominating this category.
Store lamb prices exhibited fluctuations, influenced by youth. The better-quality young lambs sold for prices between $170 and $226/head.

In the export sale, competition were exceptionally strong as buyers competed to secure numbers, driving prices up by an average of $20 or more in certain instances. The export prices averaged between 1140c and 1158c/kg cwt. Lambs over 30kg sold between $350 to $416/head.