Previous Close Sheep Markets Summary
Sheep and lamb markets strengthened further across major eastern selling centres, with tighter supplies, improved quality, and strong processor demand pushing lamb and mutton prices to new highs.
The trends appear to be:
Supply lower overall, with significant reductions in both lamb and sheep yardings across NSW
Strong processor competition driving higher prices across most categories
Trade and heavy lambs sharply dearer, particularly quality lines
Mutton markets significantly stronger, with heavy sheep recording substantial gains
Improved quality supporting premium prices despite lower throughput
Market remains demand-driven, with buyers competing aggressively for finished stock
East Coast (NSW, VIC)
Overall firm to sharply dearer market, underpinned by reduced supply and strong processor demand.
NSW saw:
- Corowa record new market highs, with trade lambs lifting $5–$15/head and heavy sheep gaining up to $30/head
- Tamworth post stronger results, with trade and heavy lambs rising $8–$15/head while sheep prices remained firm
- Dubbo deliver some of the strongest gains, with lambs improving $11–$20/head and heavy sheep lifting up to $40/head amid strong processor competition
VIC (Bendigo) Saw:
- Slightly larger sheep numbers and steady lamb supply
- Continued solid demand across lamb and sheep categories
- Firm market conditions supported by broader national strength
Summary: Reduced yardings, improved quality, and aggressive processor competition continue to drive sheep and lamb markets higher, with trade lambs, heavy lambs, and mutton reaching new price levels across major eastern selling centres.
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Sheep Marketplace New Listings
Sheep yardings & reports
Queensland
- No Reports
New South Wales
- Corowa sheep report (MLA): Yarding: 7,040, (-3,060). Lower numbers and improved quality drove lamb and mutton prices to new highs, with trade lambs up $5–$15 and heavy sheep gaining up to $30/head. Full report available here
- TRLX Tamworth sheep report (MLA): Yarding: 1,160, (-640). Reduced yardings and improved quality lifted the market, with trade and heavy lambs gaining $8–$15/head and sheep prices remaining strong. Full report available here.
- Dubbo sheep report (MLA): Yarding: 15,625, (-5,955). Reduced yardings and strong processor demand lifted lamb prices by $11–$20/head and drove mutton values sharply higher, with heavy sheep gaining up to $40/head. Full report available here.
Victoria
- GVLX Shepparton sheep report (RLX) (29/5). Watch the latest report here
- Bendigo sheep report (MLA): Yarding: 11,360, (+1,260). Lamb prices eased slightly in a selective market, while sheep prices strengthened, highlighted by exceptionally strong demand for heavy mutton and Merino wethers. Full report available here
South Australia
- No Reports
Western Australia
- No Reports
Tasmania
- No Reports