David P. Anderson, Livestock Marketing Specialist, Texas AgriLife and Texas A&M university
JJ Jones, Area Agricultural Economics Specialist, Oklahoma State University Department of Agricultural Economics
(Previously published online with: Farm Progress, Southwest FarmPress: January 25, 2024)
2023 lamb and goat prices lagged behind the record-high prices of 2022. Based on limited production in 2024, prices have the opportunity to rise.
The past year was difficult for lamb and goat prices. Early 2022 saw record-high prices, but they collapsed in the year’s second half. It took until the second half of 2023 for prices to increase above the year before, but they still lag well below the earlier record highs. Prices have the opportunity to grow in 2024 based on limited production.
Lamb outlook
Several factors worked in the lamb’s favor to allow prices to slowly climb much of the year. Lamb imports were the lowest since 2019. The amount of lamb in Continue reading Limited Goat, Lamb Production May Improve ’24 Prices