Trade lamb prices gain $10

MEET THE MARKET: Pens of lambs at the Wagga Livestock Marketing Centre. Picture: Les Smith

MEET THE MARKET: Pens of lambs at the Wagga Livestock Marketing Centre. Picture: Les Smith

NUMBERS increased to 44,000 sheep and lambs at the Wagga sale on Thursday.

There were 3000 new season lambs offered and all sold to stronger competition.

Competition for trade lambs strengthened over all weight categories. Processors paid premium prices for shorter skinned old lambs increasing notably at times throughout the sale. Heavy trade 22-24kg lambs sold $5 dearer, making from $195 to $237/head, to average 931c/kg cwt. New season lambs quality was outstanding and price increases were recorded for all categories.

The trade lambs portion gained $10, while the heavy portion regained last week's losses, improving $17/head to average 874c/kg cwt. Merino trade lambs sold to a large group of buyers and most classes sold to dearer trends. Merino trade lambs sold from $150 to $224, while light lambs suitable for export made from $102 to $160/head. Despite less buying competition heavy lambs 24-26kg were $6 dearer, selling from $215 to $246/head. Buyers were more cautious when competing for the extra heavy lambs. Lambs 26-30kg cwt sold unchanged to a few dollars dearer, averaging 902c/kg cwt. Lambs weighing over 30kg cwt averaged $6 cheaper, selling from $278 to $307/head. It was a similar sized yarding of mostly medium and heavy weight sheep. Heavy Merino ewes sold firm to $4/head cheaper averaging 576c/kg cwt. Wethers were in reduced numbers, averaging from 570c to 613c/kg cwt. Trade sheep prices were mostly unchanged, selling from $120 to $148/head, to average 576c/kg cwt