Wagga Sheep Market Report

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Report Date: 25th July 2024

Total Yarding: 67,800

Commentary

This week saw a very mixed quality yarding with lighter weight lambs in plain condition. Not all export buyers were operating while other export companies did not participate fully. Most of the demand for domestic lambs came from southern processors, but at significantly cheaper prices to the previous week. A small group of feedlot and restocking buyers were at the rail. A few pens of new season lambs were offered selling between $188 to $221/head.

In the trade market prices were very erratic causing significant price spreads. Prices in general slipped $15 to $30 with the 20 to 24kg making from $138 to $196/head to average around 775c/kg cwt. Merino lambs lacked the bidding intensity of previous sales with competition fading as the market progressed. The better presented trade types trading between $120 to $180/head. Heavy Merino lambs $184 to $227/head. Store buyers and feedlots continued to support trade and lighter weight classes, but on a reduced scale. Lambs to feed on selling from $127 to $180, while store lambs ranged from $78 to $163/head.

In The export sale the market lacked weight. All heavy lamb classes sold to notably cheaper price trends of $30 to $50/head, with the market missing competition from other exporters. Lambs 26 to 30kg made from $203 to $235, while their heavier counterparts sold from $233 to $270/head.