Sheep industry is something very complex and deeply rooted in the economic history of our country. Although it has been recently referred to as a declining industry, the more appropriate perspective has proven to be that of a transition industry. At any rate, sheep industry news plays an important role for this significant part of our economy.
The current trends in present-day sheep industry are something not to be neglected, if you want to obtain the desired results. The increased use of synthetic fibers has led to a certain decline in wool production.
Lamb meat consumption is rather low as compared to other types of meat. Thus, there is a relatively high competition from other types of meat such as pork, beef, poultry, and so on. There is a certain gap between live and wholesale lamb prices, which seems to be constantly growing.
Through the genetic element, American sheep producers are trying to obtain products which have dual purposes. In other words, sheep should be raised both for wool and for meat. Sheep is produced in 50 states.
Various challenges affect the profitability potential of sheep industry in this part of the world, so keep up with the sheep market news daily. Advancements in health, nutrition and genetics can have a positive impact on sheep industry.
