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SHEEP INVENTORY ESSENTIALLY FLAT IN 2017
Source: American Sheep Industry Association news release

According to the National Agricultural Statistics Service Sheep Inventory Report, the sheep and lamb inventory in the United States on Jan. 1 totaled 5.23 million - compared to 5.20 million as mentioned in the same report a year earlier. Despite the numbers, the 2018 report says inventory is "down slightly from 2017."

"All sheep and goats inventory and lamb and kid crop estimates for Jan. 1, 2017, were reviewed using official slaughter, import and export data, and the relationship of new survey information to the prior surveys," read the report. "A revision of less than 1 percent was made to sheep and lambs inventory and no change was made to the lamb crop."

According to the report, the 2017 lamb crop of 3.20 million head was down 2 percent from the prior year.

Shorn wool production was 24.7 million pounds, down 5 percent from 2016. The average price paid for wool sold in 2017 was $1.47 per pound for a total value of $36.4 million, down 3 percent. While wool prices soared in 2017, high prices affected fine wools the most, while prices actually dropped for some coarser wools during the year. States in the Rocky Mountain region - which generally produce fine wools - tended to show increases in wool prices according to the report.

View the full report at http://usda.mannlib.cornell.edu/usda/current/SheeGoat/SheeGoat-01-31-2018.pdf.


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