Wednesday, 19 September 2018
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COMMENT: Wagga makes headlines as records tumble at sheep and lambs sale

COMMENT: Wagga makes headlines as records tumble at sheep and lambs sale
04 Jul
1:31

ALL of the good news in the agricultural sector is coming out of Wagga.

Or to be more specific it is coming directly from the Wagga Livestock Marketing Centre.

And the stories making headlines are the kind that everyone is happy to talk about.

Vendors are happy, buyers are challenged but still soaking up the excitement as the industry breaks new ground, and livestock agents are buzzing with enthusiasm.

Wagga holds pride of place as the largest sheep and lamb selling centre in Australia, if not the southern hemisphere.

So it stands to reason that this centre earns the lion’s share of the national records.

HISTORY IN THE MAKING: Riverina Livestock Agents auctioneer James Tierney with the pen of lambs which made a record two weeks ago. Picture: Nikki Reynolds

HISTORY IN THE MAKING: Riverina Livestock Agents auctioneer James Tierney with the pen of lambs which made a record two weeks ago. Picture: Nikki Reynolds

Within two weeks two national records had fallen. The most recent was when GJ Hulm principal, Isaac Hill was at the rail to sell a pen of second cross lambs for $276.20. 

These lambs weighing 40 kilograms dressed were sold by Doug Constance who had run the stand-out stock at a Humula property.

The spikes we are seeing in the lamb industry only make analysts question just how high it will go. If all industry projections and indications are to be a guide the numbers are just not there and prices could go even higher.

The buoyant lamb price is combined with unprecedented territory for wool. All of this bodes well for people who have held onto sheep. The decision to rip out the fences and go 100 per cent cropping has been a popular one in this area but those in the livestock industry are having their day in the sun so to speak. 

Using figures from the National Livestock Reporting Service paints a brighter picture of what we are seeing in this region.

At Wagga trade lambs returned a whopping average of 767c/kg and this fits in well with the escalating prime lamb indicator price. 

What the market will do this week is anyone’s guess. But if you are a betting person it is fair to say prices will be high. Buyers will be crunching the figures and working out the margins and vendors will try and select the best week to sell. 

It is well known that there is a shortage of stock but the ones that are out there are making their way into Wagga, and in big numbers.

Using the draw for Thursday’s regular weekly market as a guide it seems vendors have plenty of confidence.

A big yarding of 40,620 was tipped and this only fuels the question of how long can the numbers keep coming for?

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