Sheep Market Summary – 12 May 2026

by | May 12, 2026 | Feedlots, Processing, Sheep

Previous Close Sheep Markets Summary

Sheep markets showed mixed to softer trends nationally, with reduced yardings across major centres failing to fully support lamb prices as processor demand became more selective, while heavy mutton sheep generally held firmer.

The trends appear to be:

  • Supply significantly lower across NSW markets
  • Trade and heavy lamb demand mixed, with some categories easing sharply
  • Heavy mutton sheep generally firmer in several centres
  • Restocker and light sheep demand weaker
  • Quality and finish continuing to heavily influence buyer competition
  • Market conditions variable across lamb categories

 

East Coast (NSW, VIC) 

Mixed to softer market overall, with weaker trends in trade and heavy lambs offset by firmer mutton and selective support for quality stock

NSW results were mixed to softer:

  • Corowa (4,920 total; 3,440 lambs, 1,480 sheep) saw:
    • Smaller and plainer quality yarding
    • Heavy lambs slightly dearer
    • Extra heavy export and Merino lambs cheaper
    • Softer mutton market overall
  • Tamworth (4,660 total; 2,700 lambs, 1,960 sheep) saw:
    • Reduced lamb and sheep numbers
    • Strong processor demand for trade and heavy stock
    • Weaker competition for light restocker sheep
    • Generally firm trends for better-finished lambs
  • Dubbo (34,600 total; 22,000 lambs, 12,600 sheep) saw:
    • Lower yardings across lambs and sheep
    • Lamb prices easing across most categories
    • Trade and heavy lambs sharply cheaper
    • Heavy mutton sheep posting gains

VIC results were limited:

  • Bendigo (7,790 total; 6,500 lambs, 1,290 sheep) reported increased lamb numbers and slightly lower sheep supply, though detailed pricing trends were limited.

Summary: Eastern states sheep markets were mixed to softer overall, with reduced supply unable to fully offset selective processor demand and weaker trends in several lamb categories, while heavy mutton sheep remained comparatively firm.

👉 See full sale reports and videos below 

 

Sheep Marketplace New Listings

Sheep marketplace listings

Sheep yardings & reports

Queensland
  • No Report
New South Wales
  • Wagga sheep report (RLA)
  • TRLX Tamworth sheep report (MLA): Yarding: 4,660, (-2,340). Reduced Tamworth lamb and sheep numbers saw processor demand remain strong for trade and heavy stock, while light restocker sheep faced weaker demand. Full report available here
  • Dubbo sheep report (MLA): Yarding: 34,600, (-9,150). Despite lower yardings, lamb prices eased across most categories with trade and heavy lambs sharply cheaper, while heavy mutton sheep were the main exception posting gains. Full report available here
  • Corowa sheep report (MLA): Yarding: 4,920, (-6,780) Smaller and plainer yardings saw mixed lamb market trends, with heavy lambs slightly dearer but extra heavy export and Merino lambs cheaper alongside a softer mutton market. Full report available here
Victoria
  • GVLX Shepparton sheep report (RLX) (8/5) Watch the latest report here
  • Bendigo sheep report (MLA): Yarding: 7,790, (+690). Smaller lamb and sheep yarding saw a softer lamb market with subdued demand for extra heavy weights, while mutton prices lifted slightly on limited supply. Full report available here. 
South Australia
  • No Report
Western Australia
  • No Report
Tasmania
  • No Report