Sheep Market Summary – 19 October 2026

Previous Close Sheep Markets Summary

Sheep markets strengthened across New South Wales, with reduced yardings and strong buyer competition lifting lamb and mutton prices, while Victoria recorded mixed supply conditions at Bendigo.

The trends appear to be:

• Reduced yardings supported stronger prices across NSW sheep markets.

• Trade, heavy crossbred and Merino lambs attracted stronger competition.

• Mutton prices improved across most grades, with heavy ewes in strong demand.

• Higher prices limited restocker competition for lighter lambs at Tamworth.

New South Wales

• Corowa recorded reduced lamb and mutton yardings of good quality, with prices remaining fully firm. New-season lambs attracted solid returns, while heavy crossbred ewes sold strongly.

• Tamworth experienced a very strong market, with heavy crossbred lambs and heavy ewes attracting strong prices. Higher values limited restocker competition for lighter lambs.

• Dubbo recorded a stronger market, with trade, heavy new-season and Merino lambs all dearer. Mutton prices also strengthened across most grades.

Summary: NSW sheep markets strengthened under reduced supply and strong buyer competition, with gains across lamb and mutton categories.

Victoria

• Bendigo recorded increased lamb numbers but fewer sheep. No specific price trends were provided in the available market summary.

Summary: Bendigo yardings were mixed, with more lambs and fewer sheep, but no clear price direction was reported.

National Summary

Australian sheep markets strengthened overall, led by NSW, where reduced yardings and strong competition lifted prices for trade, heavy and Merino lambs, as well as mutton. Bendigo recorded mixed supply conditions, with no specific price trends available.

 👉 See full sale reports and videos below. 

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Sheep yardings & reports

Queensland

• No reports
  

New South Wales

• Corowa sheep report (Inc audio): Yarding: 13,610, (-2,920) Reduced lamb and mutton yardings of good quality met a fully firm market, with new-season lambs averaging 1,130–1,160c/kg across key weight ranges and heavy crossbred ewes reaching $340/head. Full report available here
  • MLA
  • BLA
  • Elders
• TRLX Tamworth sheep report (Inc audio): Yarding: 3,177, (-2,523) Reduced yardings of 2,415 lambs and 762 sheep met a very strong market, with heavy crossbred lambs reaching $387/head and heavy ewes selling to $290/head, while higher prices limited restocker competition for lighter lambs.  Full report available here
• Dubbo sheep report (Inc audio): Yarding: 21,015, (-8,980) Reduced lamb numbers met a stronger market, with trade lambs $7 dearer, heavy new-season lambs up $15 and Merino lambs $13–$18 higher, while mutton prices rose $10–$20/head across most grades. Full report available here

Victoria

• Bendigo sheep report: Yarding: 26,554, (-496) Lamb prices were generally firm with stronger competition for store and feeder lambs, while buyers prioritised weight in the mutton market, setting new saleyard records of $405 for new-season lambs and $401 for extra-heavy Dorset ewes. Full report available here
  • MLA
  • MM
  • Elders

South Australia 

• No reports
  

Western Australia

• No reports

Tasmania

• No reports

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