However, the Victorian Livestock Exchange director who spoke to some - but not all agents during a regional visit last week says he plans to return for formal talks soon.

VLE non-executive director Brian Rodwell and Greg Walsh were in the south-west last week and met with Phil Keane from Saffin Kerr Bowen Wilson agents as well as husband-and-wife team Jack and Jess Kelly.

The agents have said Mr Rodwell asked to meet one-on-one with them, rather than as a group.

Warrnambool Livestock Exchange Advisory Committee member Dan Carey, from Brian O'Halloran and Co., heard nothing about the visit until he read about it in The Standard the next day.

VLE wants to set up a $12 million regional selling centre at Cudgee, but the company needs the Warrnambool saleyards to close to make the new facility viable.

"Surely they could have had a meeting with us or contacted everyone," Mr Carey said.

"They want our support to go where the new saleyards are and yet they haven't contacted us to speak to us about it."

Warrnambool Stock Agents Association president Kieran Johnstone said Mr Rodwell did not meet with him but he rang as he was leaving Warrnambool.

Mr Keane said Mr Rodwell "just rang out of the blue and never mentioned anything about closing Warrnambool".

Partner Ross Bowen told Mr Rodwell that closing the Warrnambool centre would result in the firm losing at least 75 per cent of its business from farmers in the northern part of the region, who would take their stock to the Hamilton saleyards.

Mr Rodwell said VLE would hold a board meeting today where a formal meeting with the Warrnambool agents would be arranged.

"I had half a day to spare," he said of his Warrnambool visit last week.

"We had other things to do in town. I rang all the appropriate people I could get hold of."

Mr Rodwell said he recognised the impact the proposed move could have on some agents.

"It's one of those difficulties. Where ever you put it there's going to be some people who might lose some business and of course they may gain some from somewhere else too."