Sheep Market Summary – 8 May 2026

by | May 8, 2026 | Feedlots, Processing, Sheep

Previous Close Sheep Markets Summary

Sheep markets showed mixed trends nationally, with increased lamb supply in major NSW centres creating more erratic pricing conditions, while stronger processor competition later in sales supported heavy export lambs and mutton.

The trends appear to be:

  • Supply mixed overall, with higher lamb numbers in NSW
  • Trade and export lamb demand variable but improving later in sales
  • Heavy export lambs attracting stronger processor competition
  • Mutton generally firmer where quality and competition improved
  • Pricing uneven and quality-driven across most categories
  • Market remains selective, with stronger support for heavier and well-finished lambs

 

East Coast (NSW, VIC) 

  • Mixed market conditions overall, with fluctuating competition and erratic pricing in larger yardings
  • NSW (mixed to firm):
    • Wagga (35,000 lambs, 9,000 sheep) saw increased lamb supply and mixed quality, resulting in erratic pricing throughout the sale
    • Stronger competition later in the sale lifted heavy export lamb and mutton values
      Trade and lighter lamb categories were more variable as buyers became selective

Summary: Mixed but improving market, with heavy export lambs and mutton benefiting from stronger late competition despite uneven pricing earlier in sales

  • VIC:
    • Limited detailed pricing data available from Swan Hill and Ouyen sales.

Summary: Insufficient data to determine a clear statewide trend, though market conditions appear generally steady to mixed

Western Australia

  • Limited detailed pricing information available from Katanning and Fremantle wool reports.

 

Summary: Watch or view the reports below

👉 See full sale reports and videos below 

 

Sheep Marketplace New Listings

Sheep marketplace listings

Sheep yardings & reports

Queensland
  • No Report
New South Wales

 

  • SELX Yass sheep report (Elders) Watch the latest report here
  • Wagga sheep report (MLA): Yarding: 44,000, (+2,800) Lamb numbers increased with mixed and erratic pricing, while stronger competition lifted heavy export lamb and mutton values later in the sale. Full report available here
Victoria
  • Ouyen sheep reports. Full report available here, 
  • Swan Hill sheep report (Elders) View the latest report here
  • IRLX Inverell sheep report (RLX) (5/5) Watch the latest report here
South Australia
  • No Report
Western Australia
  • Katanning sheep report (Nutrien) (6/5)  View the latest report here. 
  • Fremantle Wool Report (AWN) (5/5) Watch the latest report here
Tasmania
  • No Report