Sheep are raised for meat (lamb or mutton) and wool. The U.S.
sheep and wool industries have seen significant change since the
mid-1970s, marked by smaller inventories, declining production,
shrinking revenues, and fewer operations. As wool revenues have
declined, producers have turned their attention to lamb and mutton
production and the possibility of other byproducts such as sheep
ERS economists, in cooperation with other USDA agencies, provide
market analysis and research on the U.S. sheep industry, focusing
on domestic supply, demand, and trade.