Sheep Market Summary – 21 October 2026

by | Oct 22, 2026 | Saleyards, Sheep, Sheep Market Summary

Previous Close Sheep Markets Summary

Sheep markets were generally stronger across Queensland, New South Wales and Victoria, with improved quality and stronger buyer competition lifting lamb and mutton prices, while Western Australia recorded mixed results as limited feeder demand pressured lighter lambs and mutton.

The trends appear to be:

  • Strong competition lifted lamb prices across Queensland, NSW and Victoria.

  • Heavy and trade lambs attracted improved returns, with extra-heavy lambs in strong demand.

  • NSW markets strengthened despite increased yardings, supported by larger buying groups.

  • Western Australian markets were mixed, with eastern buyers supporting heavy lambs but limited feeder demand weighing on lighter stock.

  • Mutton strengthened in eastern markets but eased across WA.

Queensland

  • Warwick recorded a dearer market, with heavy and trade lambs improving alongside stronger prices for hoggets and mutton.

Summary: Queensland sheep markets strengthened on stronger buyer demand across lamb and mutton categories.

New South Wales

  • Carcoar recorded larger yardings of improved quality, with stronger competition lifting trade lambs and supporting heavy lambs and first-cross ewes.

  • Cowra experienced a dearer market for good-quality lambs, with trade new-season lambs and heavy first-cross ewes attracting strong prices.

  • Yass recorded a stronger market as increased lamb numbers met a larger buying group, with new-season store lambs making substantial gains.

  • Additional reports were available from Forbes and the Northern Wool Report, without further market trends provided.

Summary: NSW sheep markets strengthened broadly, with strong competition lifting lamb prices and supporting heavy ewes despite increased yardings.

Victoria

  • Horsham recorded a strong market for mostly good-quality lambs, with most categories dearer and strong prices for extra-heavy lambs and crossbred ewes.

  • Hamilton recorded increased sheep numbers, but no specific price trend was provided.

  • The Southern Wool Report was also available, without further sheep market details.

Summary: Victorian lamb markets strengthened at Horsham, while no clear price direction was available for Hamilton.

Tasmania

  • Powranna had an additional sheep report available, with no specific market trend provided.

Summary: No specific market trend was provided for Tasmania.

Western Australia

  • Katanning recorded increased yardings and mixed lamb results. Strong eastern buyer competition supported heavy lambs, while limited feeder demand pressured store and lighter lambs. Mutton eased across categories, with store sheep also cheaper.

  • The Fremantle Wool Report was available, without further sheep market details.

Summary: WA sheep markets were mixed, with heavy lambs supported by eastern demand but lighter lambs and mutton under pressure.

National Summary

Australian sheep markets were generally stronger, led by NSW, Queensland and Victoria, where strong buyer competition lifted lamb prices and supported heavy ewes. Western Australia remained mixed, with demand concentrated on heavy lambs while limited feeder competition pressured lighter stock and mutton.

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Sheep yardings & reports

Queensland
  • Warwick sheep report: Yarding: 1,695, (+810) Warwick’s yarding of 1,212 lambs and 483 sheep met a dearer market, with heavy and trade lambs up $9–$18/head and hoggets and mutton strengthening $13–$17/head on stronger demand. Full report available here
    New South Wales
    • CTLX Carcoar sheep report: Yarding: 8,590, (+3,750) Bigger lamb and mutton yardings of improved quality met stronger competition in a dearer market, with trade lambs $5 to $11/head up, extra heavy lambs to $370 and heavy first cross ewes to $375.  Full report available here
    • Cowra sheep report: Yarding: 4,270, (+310) Steady lamb supply of good quality met stronger competition in a dearer market, with trade new season lambs $2 to $7/head up, extra heavies $326 to $350 and heavy first cross ewes to $361/head.  Full report available here
    • SELX Yass sheep report: Yarding: 16,250, (+5,270) Lamb numbers lifted with 6,500 new season lambs and a bigger buying group, and the market sold to a stronger trend, with new season store lambs to 20kg making to $253/head, $20 to $30 dearer. Full report available here
    • Forbes sheep report. Watch the latest report here
    • Northern Wool Report. Watch the latest report here
    Victoria
    • Horsham sheep report: Yarding: 12,550, (+3,850) Lamb supply lifted to 8,350 head of mostly good quality and met a strong market, with lambs mostly $5 to $15/head dearer, extra heavy lambs to $390 and crossbred ewes to $390/head. Full report available here
      • Hamilton sheep report: Yarding: 6,400, (+3,400) Sheep numbers jumped 3,400 to 5,400 with an extra mutton processor operating, lifting heavy sheep $30 to $40/head dearer; a small run of lambs sold firm to dearer, with trade lambs to $386/head. Full report available here
      • Southern Wool Report. Watch the latest report here
      South Australia 
      • No Reports
      Western Australia
      • Fremantle Wool Report. Watch the latest report here
      • Katanning sheep report: Yarding: 13,688, (+2,044) Increased yardings at Katanning saw mixed lamb prices, with strong eastern buyer competition supporting heavy lambs to $280/head, while limited feeder demand pressured store and lighter lambs and all mutton categories eased, with store sheep down $20/head. Full report available here
      Tasmania
      • Powranna sheep report (20/10) Watch the latest report here

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