Sheep Market Summary – 26 October 2026

Previous Close Sheep Markets Summary

Sheep markets were generally firm to stronger across New South Wales and Victoria, supported by improved buyer competition, demand for well-finished heavy lambs and favourable seasonal conditions, although heavy ewes faced some pressure.

The trends appear to be:

• Strong export demand supported well-finished heavy lambs.

• Improved competition lifted lamb prices at Tamworth.

• Mutton remained firm to dearer despite increased supply at Dubbo.

• Further rain supported stronger lamb and store lamb prices at Bendigo.

• Heavy ewe demand was more selective in Victoria.

New South Wales

• Corowa: The market was largely steady, with export buyers keen on well-finished heavy lambs, limited light new-season lambs selling strongly and excellent-quality mutton attracting solid returns.

• Tamworth: Improved buyer competition lifted prices across new- and old-season lambs, while Merino and Dorper ewes attracted strong returns.

• Dubbo: Lamb prices held firm despite plainer, lighter quality, with heavy lambs attracting strong prices. Increased mutton supply met a firm to dearer market.

Summary: NSW markets were mostly firm to stronger, with solid demand for quality heavy lambs and mutton.

Victoria

• Bendigo: Further rain supported a firm to dearer lamb market, with store lambs strengthening and overall lamb and mutton returns improving. Competition for heavy ewes was softer.

Summary: Victoria strengthened on improved seasonal conditions and stronger lamb demand, although heavy ewe competition eased.

National Summary

Sheep markets were generally firm to stronger, with NSW supported by export demand for well-finished heavy lambs and improved competition across lamb and mutton categories. Bendigo also strengthened as further rain encouraged confidence and supported store lamb prices. Mutton remained resilient despite increased supply at Dubbo, while heavy ewes faced more selective buying in Victoria.

 👉 See full sale reports and videos below. 

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Sheep yardings & reports

Queensland

• No Reports
  

New South Wales

• Corowa sheep report: Yarding: 12,510, (-1,100). A slightly reduced but still strong sheep and lamb yarding met a largely steady market, with export buyers keen on well-finished heavy lambs, limited light new-season lambs selling strongly, and excellent-quality mutton attracting solid returns. Full report available here
  • MLA
  • BLA
  • Elders
  • CP
• TRLX Tamworth sheep report: Yarding: 1,605, (-1,572) Tamworth’s lamb yarding fell sharply to 880 head, but improved buyer competition lifted prices across new- and old-season lambs, while mutton numbers remained steady with Merino and Dorper ewes selling to $262/head. Full report available here
• Dubbo sheep report: Yarding: 21,958, (+943) Reduced lamb numbers and plainer, lighter quality saw prices hold firm, with heavy lambs reaching $409/head, while increased mutton supply met a firm to $4/head dearer market. Full report available here

Victoria

• Bendigo sheep report: Yarding: 26,870, (+316) Further rain supported Bendigo’s lamb and sheep market, with lamb prices firm to dearer and store lambs strengthening, lifting average lamb and mutton returns to their highest levels since mid-September despite softer competition for heavy ewes. Full report available here
  • MLA
  • MM
  • Elders

South Australia 

• No Reports

Western Australia

• No Reports
  

Tasmania

• No Reports
  

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