Market Outlook

See the latest Livestock, Dairy, and Poultry Outlook report.

Report Summary

Lamb/Sheep: Commercial lamb and mutton production forecasts for 2024 have been increased from last month’s report. Annual production for 2024 has been raised from 130 million pounds to 135 million pounds. The annual commercial lamb and mutton production forecast for 2025 is 133 million pounds, 2 million pounds below the forecast for 2024. Annual lamb and mutton import forecasts for 2024 are unchanged from the last report at 320 million pounds. Annual 2025 imports are expected to be 335 million pounds.