Sheep Market Summary – 5 May 2026

by | May 5, 2026 | Feedlots, Processing, Sheep

Previous Close Sheep Markets Summary

Sheep markets showed mixed trends nationally, with reduced lamb supply and variable quality creating stronger results in some centres, while increased sheep numbers and softer demand weighed on mutton and trade lamb categories.

The trends appear to be:

  • Lamb supply reduced overall, while sheep numbers increased
  • Heavy lambs generally stronger, supported by processor demand
  • Trade and restocker lambs mixed to softer in larger yardings
  • Mutton mostly softer, particularly where supply increased
  • Market remains quality and supply dependent, with variable buyer competition

 

East Coast (NSW, VIC)

  • Mixed market overall, with strength in heavy lambs offset by softer trade lambs and mutton in larger or mixed-quality yardings
  • NSW results were mixed:
    • Tamworth (3,900 lambs, 3,100 sheep) saw reduced numbers with a firm to improved lamb market, while sheep held mostly steady
    • Dubbo (16,500 lambs, 27,250 sheep) recorded a mixed market, with stronger heavy lambs but cheaper trade and restocker lambs, and softer mutton prices
    • Corowa (8,500 lambs, 3,200 sheep) saw increased supply lead to softer lamb prices despite active restocker demand, with mutton fluctuating below recent highs
  • VIC (Bendigo) saw:
    • Reduced yarding (5,500 lambs, 1,600 sheep)
    • Limited data on price trends, though lower numbers suggest tighter supply conditions

Summary: Eastern states markets remain mixed, with heavy lambs holding strength while increased sheep supply and mixed quality continue to pressure trade lambs and mutton

👉 See full sale reports and videos below 

 

Sheep Marketplace New Listings

Sheep marketplace listings

Sheep yardings & reports

Queensland
  • No Reports
New South Wales
  • Dubbo sheep report (MLA): Yarding: 43,750, (-6,750) Large, good-quality yarding saw a mixed market with cheaper trade and restocker lambs, stronger heavy lambs, and generally softer mutton prices. Full report available here
  • TRLX Tamworth sheep report (MLA): Yarding: 7,000, (-2,700) Reduced numbers and mixed quality saw a generally firm to improved lamb market, while sheep held mostly steady despite limited quality. Full report available here
  • Corowa sheep report (MLA): Yarding: 11,700, (+3,400) Increased yarding saw a softer lamb market despite active restockers, with heavy lambs easing and mutton prices fluctuating below recent highs. Full report available here
Victoria
  • GVLX Shepparton sheep report (RLX) (1/5) Watch the latest report here.
  • Bendigo sheep report (MLA): Yarding: 7,100, (-7,440) Smaller, mixed-quality yarding and reduced buyer activity led to a subdued, inconsistent market with steady crossbred lamb prices, softer Merino demand, and limited reliable price comparisons.  Full report available here
South Australia
  • No Reports
Western Australia
  • No Reports
Tasmania
  • No Reports