Sheep Market Summary – 4 August 2026

by | Aug 5, 2026 | Saleyards, Sheep, Sheep Market Summary

Previous Close Sheep Markets Summary

Sheep and lamb markets were mixed, with larger mutton supplies weighing on sheep prices, while lamb values were generally firm to easier depending on quality and buyer competition.

The trends appear to be:

  • Lamb numbers declined nationally while sheep numbers increased sharply.
  • Larger mutton yardings pressured sheep prices.
  • Trade and lighter lambs were generally steady to easier, with heavy lambs influenced by quality.
  • Selective buyer competition continued across most selling centres.

New South Wales

  • Forbes sheep yarded 40,500 head, with a much larger offering seeing lambs hold firm to slightly easier while increased mutton supplies weighed on sheep prices.
  • Additional agency reports were available from Dubbo, Tamworth, and Corowa.

Summary: NSW markets were mixed, with firm lamb prices offset by softer sheep values as mutton supplies increased.

Victoria

  • Ballarat sheep yarded 9,000 lambs and 2,400 sheep, with plainer-quality stock selling cheaper, although neat trade lambs maintained steady demand.
  • Additional agency reports were available from Ballarat.

Summary: Victorian markets eased as plainer-quality lambs and sheep attracted lower prices.

South Australia

  • Naracoorte sheep recorded its smallest sale for some time, with mixed-quality lambs and sheep selling cheaper amid subdued buyer competition.
  • Dublin sheep yarded fewer lambs, with store lambs firm to dearer while most slaughter lambs eased and heavy sheep held firm.
  • Additional agency reports were available from Dublin and Naracoorte.

Summary: South Australian markets were mixed, with firm store lamb demand offset by softer slaughter lamb prices.

Tasmania

  • Powranna sheep offered a very small yarding, with limited competition and generally steady prices, highlighted by a record $430 heavy lamb.
  • An additional agency report was available from Powranna.

Summary: Tasmanian markets remained steady in a very small offering, with a record heavy lamb price the standout result.

Western Australia

  • Muchea sheep halved its lamb yarding, with mixed-quality old season lambs and mutton easing slightly while heavier new season lambs sold well.
  • An additional agency report was available from Muchea.

Summary: WA markets were cautious, with lighter demand for old season lambs but continued support for quality new season lambs.

National Summary

Australian sheep and lamb markets were mixed, with larger sheep supplies weighing on mutton prices, while lamb values were generally firm to easier depending on quality and buyer demand.

👉 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: 40,500, (+7,250) A much larger yarding of 40,500 head saw lambs hold firm to slightly easier, while increased mutton supplies weighed on sheep prices. Full report available here 
  • Dubbo sheep report (C&H) (3/8) Watch the latest report here
  • TRLX Tamworth sheep report (DC) (3/8) View the latest report here
  • Corowa sheep report (Elders) (3/8) View the latest report here
Victoria
  • CVLX Ballarat sheep report (MLA): Yarding: 11,400, (-148). Plainer-quality lambs and sheep sold cheaper, with the heaviest lambs most affected despite steady demand for neat trade lambs. Full report available here 
South Australia 
  • Dublin sheep report (MLA): Yarding: 6,500, (-1,000) Reduced lamb numbers met mixed demand, with store lambs firm to dearer while most slaughter lambs eased and heavy sheep held firm. Full report available here 
  • Naracoorte sheep report (MLA): Yarding: 1,569, (-901) Naracoorte yarded its smallest sale in some time, with mixed-quality lambs and sheep selling cheaper amid subdued buyer competition. Full report available here 
Western Australia
  • Muchea sheep report (MLA): Yarding: 7,469, (-4,240) Lamb numbers halved as mixed-quality old season lambs and mutton eased slightly, while heavier new season lambs sold well in a more cautious market. Full report available here 
Tasmania
  • Powranna sheep report (MLA): Yarding: 700, (-1,337) A very small yarding saw limited competition, highlighted by a record $430 heavy lamb, while most lamb and sheep prices remained steady across limited offerings. Full report available hereÂ