LAMB prices pushed to a new all-time high of $254.60 at the Wagga market on Thursday.
Leann Dax of Meat and Livestock Australia’s National Livestock Reporting Service confirmed the result and said the stand-out lambs now held the national record.
In all a total of 37,000 sheep and lambs went under the hammer.
She said quality across the offering was very good with bigger numbers of shorn trade and heavy lambs. Trade lambs were in reasonable supply, while heavy lambs were in bigger numbers.
All major trade and export buyers were operating, however some buyers were unable to make many purchases due to the significant increase in price.
Store lambs were well supplied and bidding intensified for all breeds. New season lambs trade lambs were in shorter supply over all trade weight categories. The bulk of the offering sold to dearer trends making from $132 to $178/head to average 670c/kg cwt.
Meanwhile, shorn new season trade lambs were keenly sought and buyers once again paid a premium for the better trade types. Throughout the market plenty of sales recorded above 700c/kg cwt. Heavy young shorn lambs were well supplied and prices increased by $22/head, aided by the shortage of supplies at northern sales. Heavy shorn lambs sold from $172 to $254.60/head.
Extra heavy full wool lambs sold from $170 to $200/head to average 666c/kg cwt. There was a mixed selection of store lambs in all weights and grades. Store buyer confidence ignited bidding with an isolated sale $20/head dearer. Light weight store lambs sold from $77 to $115, while the heavier lambs returning to the paddock sold at $115 to $128/head. It was a mixed quality offering of mutton with all weights and grades represented. Most buyers were operating over all categories.
Heavy mutton made from $127 to $183 with the heavy wether portion topping at $179.20/head. Trade sheep prices eased $1 to $5, making from $90 to $147/head, averaging 476c/kg cwt.