Sheep Market Summary – 12 October 2026

Previous Close Sheep Markets Summary

Sheep markets were generally stronger across New South Wales and Victoria, with strong processor and feedlot competition lifting lamb and mutton prices despite significantly larger yardings.

The trends appear to be:

• Strong buyer competition supported lamb and mutton markets across NSW.

• Heavy and trade lambs strengthened, with quality and weight attracting the best returns.

• Mutton improved at Corowa, Tamworth and Bendigo, although Dubbo recorded mixed results.

• Larger yardings were met by solid demand across the major selling centres.

New South Wales

• Corowa recorded a larger yarding, with strong processor and feedlot competition lifting lamb and mutton prices across all categories.

• Tamworth saw stronger demand, with old-season lambs and mutton improving in a mostly dearer market.

• Dubbo recorded stronger prices for trade, heavy and Merino lambs, while mutton was mixed to slightly cheaper.

• The Weekly Wool Report and additional Wagga and Griffith reports had no further current market trends provided.

Summary: NSW sheep markets were generally stronger, supported by active processor and feedlot competition, although mutton results at Dubbo were mixed.

Victoria

• Bendigo handled a larger yarding, with strong demand lifting heavy export lambs and mutton prices. Quality and weight attracted the best returns.

• Bairnsdale and additional Bendigo reports had no current market trend provided.

Summary: Victorian sheep markets strengthened, with strong demand for heavy export lambs and improved mutton values.

National Summary

Australian sheep markets were generally stronger, with strong buyer competition supporting lamb and mutton prices across NSW and Victoria. Heavy and trade lambs performed well, while mutton was mostly stronger despite mixed results at Dubbo. Increased yardings were met by solid demand in the major reporting centres.

 👉 See full sale reports and videos below. 

Sheep Marketplace New Listings

Sheep yardings & reports

Queensland

• No Reports
  

New South Wales

• Corowa sheep report: Yarding: 16,530, (+8,140). Increased yardings and improved quality saw lamb and mutton markets finish $10–$20 dearer, with strong processor and feedlot competition lifting heavy lambs and all mutton grades. Full report available
  • MLA
  • BLA
• Weekly Wool Report (9/10) View the latest report here
• TRLX Tamworth sheep report (Inc audio): Yarding: 5,700, (+2,515) Increased lamb and sheep yardings met strong buyer competition, with the market mostly dearer, including 24–30kg old-season lambs gaining $20/head and mutton values improving. Full report available here
• Dubbo sheep report (Inc audio): Yarding: 29,995, (+495) Lamb prices strengthened across most categories after a fortnightly break, with trade and heavy lambs $8–$12/head dearer and Merino lambs up to $16, while mutton was mixed to slightly cheaper. Full report available here
  • MLA
  • CH

Victoria

• Bendigo sheep report: Yarding: 27,050, (+7,770) Despite increased yardings of over 27,000 head, strong demand lifted heavy export lambs by $10/head and pushed mutton prices higher, with quality and weight attracting the best returns. Full report available
  • MLA
  • BW
  • MM
  • Elders

South Australia 

• No Reports

Western Australia

• No Reports

Tasmania

• No Reports