Sheep Market Summary – 22 October 2026

by | Oct 23, 2026 | Saleyards, Sheep, Sheep Market Summary

Previous Close Sheep Markets Summary

Sheep markets were mixed, with poorer lamb quality and selective buying pressure easing most categories at Wagga, while strong competition remained for heavier lambs.

The trends appear to be:

  • Poorer quality pressured most trade and export lamb categories at Wagga.

  • Heavy lambs continued to attract strong competition.

  • Selective mutton buying weakened prices, particularly for heavy ewes.

  • Victoria and Western Australia reports provided no specific market trends.

New South Wales

  • Wagga: Reduced numbers and poorer quality saw most trade and export lamb categories ease, although heavy lambs continued to attract strong competition. Mutton was also under pressure, with heavy ewes recording significant falls.

Summary: NSW markets softened overall as quality and selective buying weighed on lambs and mutton, while demand for heavy lambs remained firm.

Victoria

  • Horsham and Ouyen: No specific market trends provided.

Summary: Victoria’s sheep market direction was unclear from the supplied reports.

Western Australia

  • Weekly Wool Report: No specific sheep or lamb market trends provided.

Summary: No clear sheep market direction was available for Western Australia.

National Summary

Sheep market results were mixed, with Wagga recording softer prices across most lamb and mutton categories due to poorer quality and selective buying. Heavy lambs remained a stronger point, supported by continued buyer competition. Reports from Victoria and Western Australia did not provide enough detail to assess broader market direction.

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Sheep yardings & reports

Queensland
  • No Reports
    New South Wales
    • Wagga sheep report: Yarding: 45,350, (-4,450) Reduced lamb numbers and poorer quality saw prices ease across most trade and export categories, while stronger competition remained for heavy lambs over 30kg; selective buying also pressured mutton, with heavy ewes falling $29–$41/head. Full report available here
    • Weekly Wool Report. Read the latest report here
    Victoria
    • Horsham sheep report (21/10) Watch the latest report here
    • Ouyen sheep reports. Full report available here
    South Australia 
    • No Reports
    Western Australia
    • Weekly Wool Report. Watch the latest report here
    Tasmania
    • No Reports

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