Previous Close Sheep Markets Summary
Sheep markets remained generally firm to dearer across the eastern states, with reduced yardings, tighter supplies and strong processor competition supporting lamb and mutton prices, while restocker demand was more selective in some regions.
The trends appear to be:
- Supply lower overall, with significant declines in NSW, VIC and WA yardings
- Strong processor competition supporting trade, heavy and export lamb prices
- Heavy lambs generally firm to dearer, with several centres recording gains of $20–$30/head
- Mutton markets remained strong, with reduced sheep numbers underpinning prices
- Restocker and feeder demand mixed, with some softer results for plainer lambs
- Quality continued to influence outcomes, with well-finished lambs attracting premium competition
East Coast (QLD, NSW, VIC)
Overall firm to dearer market, driven by reduced supply and strong buyer demand.
QLD (Warwick) saw:
- Lower supplies of suitable trade and heavy stock
- Dearer prices across most lamb and sheep categories
- Strong gains in heavier and wholesale lambs
NSW markets were mostly stronger:
- Deniliquin recorded strong competition for quality lambs, with heavy lambs reaching $370/head
- Carcoar saw trade and heavy lambs lift $20–$25/head, with mutton up $10–$20/head
- Cowra reported gains of $20–$30/head for trade and heavy lambs
- Yass was more mixed, with trade lambs firm, heavy lambs slightly dearer and mutton stronger, while feeder and restocker lambs eased
VIC remained firm:
- Hamilton maintained solid demand despite lower sheep numbers
- Horsham operated with a smaller yarding but continued to attract steady competition
- Market conditions generally remained supportive for finished lambs and sheep
Summary: Reduced supply and strong processor demand continue to support lamb and mutton prices, with heavy and well-finished stock attracting the strongest competition while restocker demand remains more selective.
Western Australia
Katanning (10,114 head) saw:
- Sharply reduced lamb and sheep numbers
- Firm demand for both lambs and sheep
- Trade and heavy lambs holding steady
- Extra-heavy lambs selling to $341/head
Summary: WA markets remained resilient despite sharply lower supply, with firm demand maintaining lamb and sheep values across most categories.
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Sheep Marketplace New Listings
Sheep yardings & reports
Queensland
- Warwick sheep report (MLA): Yarding: 1,681, (+127). Limited supply of suitable trade and heavy stock at Warwick drove a dearer market across most lamb and sheep categories, with notable gains in heavier and wholesale lines. Full report available here.
New South Wales
- SELX Yass sheep report (MLA): Yarding: 8,720, (-1,280). A slightly smaller and plainer lamb offering saw restocker and feeder lambs ease $5–$8/head, while trade lambs held firm, heavy lambs lifted slightly, and mutton remained stronger on a carcass basis. Full report available here
- Cowra sheep report (MLA): Yarding: 2,950, (+1,490). Stronger buyer competition and very good quality drove a much dearer lamb market, with trade and heavy lambs rising $20–$30/head and mutton also strengthening. Full report available here.
- Deniliquin sheep report (MLA) (2/6): Yarding: 3,100, (-800). Strong demand for quality lambs and limited sheep numbers lifted the Deniliquin market, with heavy lambs reaching $370/head and processors paying up to 1200c/kg cwt for neat trade lambs. Full report available here.
- IRLX Inverell sheep report (RLX) (2/6). Watch the latest report here.
- Forbes sheep report (AWN) (2/6). Watch the latest report here.
- CTLX Carcoar sheep report (MLA): Yarding: 5,100, (-3,075). Reduced lamb and mutton supplies combined with strong buyer competition drove a much dearer market, with trade and heavy lambs gaining $20–$25/head and mutton up $10–$20/head. Full report available here.
Victoria
- Horsham sheep report (MLA): Yarding: 1,400, (-1,000). Smaller Horsham yarding with mixed quality saw trade and export lambs strengthen slightly, while heavier lambs eased and sheep prices mostly held around last week’s levels. Full report available here
- Southern Wool Report (AWN). Watch the latest report here.
- Hamilton sheep report (MLA): Yarding: 7,000, (-2,200). Strong demand for quality supplementary-fed lambs and sheep lifted the Hamilton market, with lambs gaining $10–$20/head and mutton improving $10–$15/head. Full report available here.
South Australia
- Dublin sheep report (Elders) (2/6). Watch the latest report here.
Western Australia
- Katanning sheep report (MLA): Yarding: 10,114, (-10,501). A sharply reduced Katanning yarding saw firm lamb and sheep demand, with trade and heavy lambs holding steady and extra heavy lambs topping at $341/head. Full report available here
Tasmania
- Powranna sheep report (Nutrien) (2/6). Watch the latest report here.