Market Outlook

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


Lamb/Sheep: The January 2023 sheep and lamb inventory report showed a 1-percent decline in the sheep inventory relative to 2022. Last month’s forecasts for 2023 commercial lamb and mutton production implied a 2-percent decline; commercial production forecasts for 2023 were increased to imply a 1-percent decline in 2023. Lamb prices this year have been lower than expected, so lamb price forecasts have been lowered this month.