Wagga sheep and lamb sale | March 1 2018

MARKET INTEREST: Geoff Wilks of Wagga is pictured at the Wagga sheep and lamb market on Thursday. Picture: Nikki Reynolds
MARKET INTEREST: Geoff Wilks of Wagga is pictured at the Wagga sheep and lamb market on Thursday. Picture: Nikki Reynolds

Vendors sold 42,000 sheep and lambs at the Wagga market on Thursday. 

According to Meat and Livestock Australia’s National Livestock Reporting Service lighter weight lambs sold to weaker price trends as producers offload plain types.

Shorn trade and longer wool lambs sold to weak demand, with major domestic processors standing aside for most of the sale.

All export buyers were present and operating in a solid market for heavy lambs. New season trade lambs were not well supplied. Medium and heavy trade lambs sold $10 to $15 cheaper making from $128 to $156/head to average 611c/kg cwt.

Well shaped shorn trade lambs were keenly sought by feedlot operators who kept a floor in prices. The trade market sold to fluctuating price trends but generally averaged $10/head cheaper. Shorn medium and heavy trade lambs sold from $125 to $163/head to average 596c/kg cwt.

There was strong demand from restockers and feedlot buyers who bought into heavier lambs because of the cheaper trend across trade categories. The bulk of the lambs to restock and feed-on made from $88 to $154/head.

Heavy and extra heavy lambs made up the bulk of the offering and prices were strong. Heavy shorn lambs sold from $155 to $175/head. Extra heavy shorn lambs were unchanged to $2 dearer making from $169 to $240/head to average 620c/kg cwt. It was a mixed offering of mutton with all weights and grades represented. Most buyers were operating and demand was significantly stronger.

Heavy mutton lifted up to $23 making from $120 to $186.20/head. Trade sheep prices strengthened on the back of rain in the north. Trade sheep sold from $92 to $129/head to average 438c to 462c/kg cwt. Light sheep made from $76 to $90/head.

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