Previous Close Sheep Markets Summary
Sheep and lamb markets were generally softer across Australia, with the largest reported sale at Wagga recording price declines across most lamb categories and weaker mutton values. While yardings remained relatively high, pricing momentum eased compared to recent weeks.
The trends appear to be:
- Trade and heavy lamb prices softened in the major eastern markets
- Mutton values generally weakened
- Mixed quality continued to influence buyer competition
- Heavy lambs remained relatively well-supported despite lower prices
- National lamb numbers remained high, while sheep numbers increased week-to-date
- Market sentiment was softer than earlier in the month
New South Wales
Softer market with lower lamb and mutton prices.
- Wagga (30,400 lambs, 6,500 sheep) reported slightly higher lamb numbers, with trade and heavy lambs easing by $5–$10/head.
- Mutton values also weakened as buyer activity moderated and quality varied throughout the sale.
Summary: The Wagga market set the tone nationally, with lamb and sheep prices trending lower despite substantial throughput. Heavy lambs remained relatively resilient, but overall pricing softened from recent highs.
Victoria
Limited reported market activity.
- Mildura results were published without market commentary available in this report cycle.
Summary: Insufficient pricing data was available to establish a clear Victorian market trend.
Western Australia
Limited reported market activity.
- Katanning sale results were published without accompanying market commentary.
Summary: No clear market trend could be established from available reports.
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