Sheep Market Summary – 15 May 2026

by Rob Kelly | May 15, 2026 | Feedlots, Processing, Sheep

Previous Close Sheep Markets Summary

Sheep markets showed mixed trends nationally, with strong feedlot and processor demand supporting trade lambs and heavy mutton, while export lambs eased in mixed-quality yardings and pricing remained erratic across several categories.

The trends appear to be:

Lamb supplies lower, particularly in NSW
Trade lambs supported by strong feedlot competition
Export lambs softer in mixed-quality yardings
Heavy mutton prices generally stronger
Quality continuing to influence buyer competition and price outcomes
Market conditions remaining uneven and selective

East Coast (NSW, VIC)

Mixed market overall, with strong support for trade lambs and mutton while export categories faced softer competition

NSW (Wagga) saw:

Lower lamb numbers but increased sheep supply
Mixed-quality lamb yarding creating erratic pricing trends
Strong feedlot demand supporting trade lambs
Export lambs easing
Heavy mutton selling dearer

Summary: NSW sheep markets remained mixed, with strong competition for trade lambs and mutton offsetting softer export lamb trends in variable-quality yardings

Victoria

Watch or view the detailed pricing data available from Horsham reports

Summary: Watch or view the detailed data to determine a clear Victorian market direction

Western Australia

Watch or view the detailed pricing trends available from Katanning reports

Summary: Insufficient detailed data to determine a clear WA market direction

👉 See full sale reports and videos below

Sheep Marketplace New Listings

Sheep marketplace listings

Sheep yardings & reports

Queensland

No reports

New South Wales

Wagga sheep report (MLA): Yarding: 38,600, (-5,400) Mixed quality lamb yarding saw erratic trade prices with strong feedlot demand supporting trade lambs, while export lambs eased and heavy mutton sold dearer.
- MLA
- AWN
- Elders
TRLX Tamworth sheep report (RLX) (11/5) Watch the latest report here