Sheep Market Summary – 2 October 2026

Previous Close Sheep Markets Summary

Sheep markets were mixed across New South Wales and Victoria, with strong competition supporting selected lamb and mutton categories, while reduced buyer participation pressured lamb prices at Corowa and mutton eased at Dubbo.

The trends appear to be:

• New South Wales results varied, with Tamworth recording broad lamb price improvements, while Corowa lambs eased and heavy Merino ewes strengthened.

• Dubbo trade and restocker lambs remained mostly firm, although heavier lambs and mutton softened.

• Victorian markets remained generally firm, with strong demand for quality new-season lambs but weaker results for plainer, lighter-finished stock.

New South Wales

• Corowa: Reduced yardings and the absence of key domestic buyers pressured lamb prices, while strong mutton demand lifted heavy Merino ewe values.

• Tamworth: Increased yardings met strong buyer competition, lifting all lamb categories, with limited mutton numbers also selling strongly.

• Dubbo: Strong competition kept trade and restocker lambs mostly firm, while heavier lambs eased slightly and mutton prices declined.

• Summary: New South Wales markets were mixed, with strong demand for selected lamb and heavy mutton categories offset by softer results for other lines.

Victoria

• Bendigo: Reduced yardings supported generally firm lamb and sheep markets, with strong demand for quality new-season lambs while plainer, lighter-finished stock attracted softer results.

• Summary: Victorian markets remained firm overall, with quality driving demand and better prices for well-finished new-season lambs.

National Summary

Sheep markets delivered mixed results, with New South Wales showing varied trends across lamb and mutton categories. Tamworth recorded broad lamb market strength, while Corowa lambs eased but heavy Merino ewes improved. Dubbo trade and restocker lambs held firm, despite softer heavier lamb and mutton prices. Victoria remained generally firm, with buyers favouring quality new-season lambs.

 👉 See full sale reports and videos below. 

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Sheep Marketplace New Listings

Sheep yardings & reports

Queensland

• No Reports
  

New South Wales

• Corowa sheep report: Yarding: 8,995, (-3,515). Reduced yardings and the absence of two key domestic buyers saw lamb prices ease $5–$20/head, while strong mutton demand lifted heavy Merino ewe prices by $9–$22. Full report available here
• TRLX Tamworth sheep report: Yarding: 2,180, (+575). Increased yardings met strong buyer competition, with all lamb categories improving in a fair-quality offering and limited mutton numbers selling strongly. Full report available here
• Dubbo sheep report: Yarding: 24,245, (+2,287). Increased lamb numbers met strong buyer competition, with trade and restocker lambs mostly firm, while heavier lambs eased slightly and mutton prices fell $8–$10/head. Full report available here
• Corowa sheep report. Watch the latest report here
  • BLA
  • Elders

Victoria

• Bendigo sheep report: Yarding: 20,040, (-6,830). Reduced yardings saw lamb and sheep markets remain generally firm, with strong demand for quality new-season lambs and softer results for plainer, lighter-finished types. Full report available here
  • MLA
  • MM
  • Elders

South Australia 

• No Reports
  

Western Australia

• No Reports
  

Tasmania

• No Reports

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