Wagga Sheep Market Report

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Report Date: 10th July 2025

Total Yarding: 49,000

Commentary

This week, the lamb market has demonstrated a clear trend toward higher prices across all categories, marking a significant shift at Wagga in a bigger yarding of lambs. According to agents in Wagga, this week has been particularly notable, as it recorded the most expensive market ever seen, with well finished lambs surpassing the impressive threshold of 1300c/kg carcass weight. This remarkable surge occurred even with a major northern processor concentrating solely on the mutton market, underscoring the exceptional demand for lambs. The quality of lambs on offer was outstanding, with many benefiting from grain assistance, which led to intense bidding. Feedlot buyers were active at the sale, actively pursuing plainer trade weight classes, further contributing to the upward momentum in the market.

In detail, trade lambs weighing between 20-24kg sold for prices ranging from $225 to $280, with some sales seeing increases of $10 to $20 as the sale progressed. Heavy trade lambs, weighing 24-26kg, commanded impressive prices of up to $341. Merino trade lambs also saw strong competition, with sales in the range of $220 to $280, reflecting the overall dearer trend.

The export market has emerged as a significant highlight, particularly with big heavy lambs weighing in at approximately 41kg, which commanded a remarkable price of $441.20. This trend is evident in numerous sales exceeding the 1300c/kg cwt benchmark. Additionally, lambs in the 26-30kg category sold for prices ranging from $320-$375, further emphasizing the strength of the sale