Market Outlook

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


Lamb/Sheep: The 2024 January 1 inventory report for sheep and goats was released at the end of January. The total lamb and sheep inventory declined by -1.9 percent from the previous year. December supply and use estimates for 2023 have been incorporated into this report. Forecasts for 2024 lamb and mutton imports and exports are lower than the January 2024 forecasts.