Sheep Market Summary – 29 May 2026

by | May 28, 2026 | Feedlots, Processing, Sheep

Previous Close Sheep Markets Summary

Sheep and lamb markets strengthened further, with widespread rain reducing supply and intensifying buyer competition, resulting in sharp price rises across trade, export and mutton categories.

The trends appear to be:

  • Reduced yardings tightened supply across key sheep and lamb markets
  • Strong processor competition drove widespread price gains
  • Trade and export lambs sold significantly dearer
  • Heavy lambs remained highly sought after
  • Mutton markets strengthened sharply amid limited supply
  • Rainfall continued to support buyer confidence and urgency
  • Quality lambs attracted the strongest competition

 

East Coast (NSW)
Overall market sharply dearer, with reduced supply and aggressive competition underpinning all major categories.

NSW (Wagga) saw:

  • Lamb and sheep numbers fall sharply following widespread rainfall
  • Intense buyer competition across trade, export and heavy lamb categories
  • Significant price rises throughout the lamb market
  • Mutton prices also lift strongly on tighter sheep supply and active processor demand

 

South Australia

  • Naracoorte activity remained limited in reporting, though broader eastern states trends continue to support firm sheep and lamb markets

 

Western Australia

  • Katanning wool and sheep activity continued, with broader WA sentiment remaining supported by stable demand and seasonal confidence

Summary: Rain-affected lower yardings and strong processor demand continue to drive sheep and lamb markets higher, with trade lambs, export lambs and mutton all benefiting from tighter supply and aggressive buyer competition.

 

👉 See full sale reports and videos below 

 

 

Sheep Marketplace New Listings

Sheep marketplace listings

Sheep yardings & reports

Queensland
  • No Reports
New South Wales
  • Wagga sheep report (MLA): Yarding: 30,630, (-9,950) Full report available here.
  • Weekly Wool Report (AWI). View the latest report here
Victoria
  • No Reports
South Australia
  • Naracoorte sheep report (Elders) (26/5) Watch the latest report here
Western Australia
Tasmania
  • No Reports