Sheep Market Summary – 20 July 2026

Previous Close Sheep Markets Summary

Sheep markets generally eased across Australia, as increased yardings and softer buyer competition weighed on lamb prices, while mutton was mixed to stronger and quality export lambs remained well supported.

The trends appear to be:

• Larger yardings resulted in generally softer lamb markets.
• Heavy and trade lambs eased across most selling centres.
• Mutton markets ranged from mixed to stronger.
• Quality export and extra heavy lambs continued to attract solid competition.

New South Wales

• Tamworth yarded more lambs and sheep with improved quality, although the market was generally cheaper despite extra heavy lambs reaching strong prices. An additional market report was available from RLX.
• Dubbo offered a larger yarding of quality lambs, with trade and heavy lamb prices easing while mutton strengthened.
• Corowa yarded more sheep and lambs, with a softer lamb market, mixed mutton trends and improved demand for heavy Merino ewes.

Summary: NSW sheep markets were generally softer as larger yardings and improved quality met weaker buyer competition, although mutton remained mixed to stronger.

Victoria

• Bendigo experienced an erratic market as reduced buyer competition saw most lambs and mutton ease, while quality export lambs remained firm. Additional market reports were available from Elders and MM.
• Bairnsdale released its latest agency market report from BW.

Summary: Victorian sheep markets eased overall, with weaker buyer competition offsetting continued support for quality export lambs.

National Summary

Australian sheep markets softened overall, with larger yardings and weaker buyer competition placing pressure on lamb prices, while mutton was mixed to stronger and quality export lambs remained well supported.

👉 See full sale reports and videos below. 

Sheep Marketplace New Listings

Sheep yardings & reports

Queensland

• No reports

New South Wales

• TRLX Tamworth sheep report (MLA): Yarding: 3,515, (+1,475) Tamworth yarded more lambs and sheep, with improved quality but an overall cheaper market despite extra heavy lambs reaching $421/head. Full report available here
  
• Dubbo sheep report (MLA)Yarding: 18,560, (+750) A larger yarding of quality lambs saw trade and heavy lamb prices ease, while mutton strengthened by around $10/head. Full report available here
• Corowa sheep report (MLA): Yarding: 9,860, (+1,825) Increased sheep and lamb numbers met a softer market, with lamb prices easing while heavy Merino ewes recovered and mutton sold to mixed trends. Full report available here
• TRLX Tamworth sheep report (RLX) Tamworth yarded more lambs and sheep, with improved quality but an overall cheaper market despite extra heavy lambs reaching $421/head. Full report available here
  

Victoria

• Bendigo sheep report (MLA): Yarding: 8,200, (-3,450) Lamb numbers nearly halved, with an erratic market as most lambs and mutton eased due to reduced buyer competition, though quality export lambs remained firm. Full report available here 
  • MLA
  • Elders
  • MM
• Bairnsdale sheep report (BW) Tamworth yarded more lambs and sheep, with improved quality but an overall cheaper market despite extra heavy lambs reaching $421/head.  Full report available here

Western Australia

• No reports

Tasmania

• No reports