Sheep Market Summary – 21 July 2026

Previous Close Sheep Markets Summary

Sheep markets delivered mixed results across Australia, with softer buyer demand placing pressure on lamb prices in the eastern states, while Western Australia recorded stronger competition despite reduced yardings.

The trends appear to be:

• Larger or mixed-quality yardings generally resulted in softer lamb prices.
• Heavy lambs remained well supported in several markets.
• Mutton eased across much of the eastern states but strengthened in Western Australia.
• Additional agency reports provided broader market coverage.

New South Wales

• Forbes yarded larger numbers, with mixed quality resulting in a cheaper market as lambs eased and mutton also sold softer.
• Corowa released its latest agency market report from Elders.
• Tamworth released its latest agency market report from DC.

Summary: NSW sheep markets softened overall, with larger yardings and mixed quality contributing to easier lamb and mutton prices.

Victoria

• Ballarat reported reduced yardings, with the MLA market report available alongside additional agency reports from TBW and Elders.

Summary: Victoria’s update centred on Ballarat, with lower yardings and the latest agency reports available.

South Australia

• Dublin recorded slightly larger yardings, with trade lambs holding firm while heavy lambs and sheep eased as buyer demand softened. An additional agency report was available from Elders.
• Naracoorte released its latest agency market report from Elders.

Summary: South Australian markets were mixed, with firm trade lambs offset by softer heavy lamb and sheep prices.

Tasmania

• Powranna yarded fewer lambs, with strong demand supporting heavy lambs while store lambs sold significantly cheaper in a mixed market.

Summary: Tasmania’s market was mixed, with heavy lambs well supported but store lambs under pressure.

Western Australia

• Muchea recorded reduced yardings, with strong buyer demand lifting all lamb and sheep categories despite fewer numbers.

Summary: Western Australia’s sheep market strengthened, supported by strong competition across all categories.

National Summary

Australian sheep markets were mixed, with softer buyer demand weighing on eastern state lamb markets, while strong competition in Western Australia lifted prices despite reduced yardings.

👉 See full sale reports and videos below. 

Sheep Marketplace New Listings

Sheep yardings & reports

Queensland

• No reports

New South Wales

• Forbes sheep report (MLA): Yarding: 33,750, (+1,430) Lamb & Sheep: Larger yardings and mixed quality resulted in a cheaper market, with lambs easing $15–20/head and mutton also selling softer. Full report available here
• TRLX Tamworth sheep report (DC) (20/7) Watch the latest report here
• Corowa sheep report (Elders) (20/7) View the latest report here

Victoria

• CVLX Ballarat sheep report (MLA): Yarding: 9,902, (-5,819). Smaller yardings and mixed quality led to a generally softer lamb market, while extra heavy lambs held firm on a dollar basis and mutton trends were mixed. Full report available here 
  • MLA
  • Elders
  • TBW
    

South Australia

• Dublin sheep report (MLA): Yarding: 5,700, (+2,200) Lamb & Sheep: Slightly larger yardings saw firm trade lamb prices, while heavy lambs and sheep eased as buyer demand softened from last week. Full report available here 
  • MLA
  • Elders
• Naracoorte sheep report (Elders) View the latest report here

Western Australia

• Muchea sheep report (MLA): Yarding: 4,122, (-2,369) Reduced yardings and strong demand pushed all lamb and sheep categories higher, with extra heavy lambs reaching $326/head and heavy ewe mutton $308/head. Full report available here

Tasmania

• Powranna sheep report (MLA): Yarding: 1,207, (-317) A smaller lamb yarding saw strong demand for heavy lambs, while store lambs sold significantly cheaper in a mixed market. Full report available here