Exchange rates affect U.S. sheep prices

While New Zealand sheep producers reduce numbers due to drought, U.S. producers are waiting to see if lower global supplies affect prices.

While New Zealand sheep producers reduce numbers due to drought, U.S. sheep producers are waiting to see if the decrease in worldwide supply impacts prices locally.

"The U.S. imports more than 90% of the lamb and mutton consumed from New Zealand and Australia," said Dave Ollila, South Dakota State University (SDSU) extension sheep field specialist. "Imports of lamb have offset the decline in domestic production in recent years. Although the recent drought in New Zealand has not imp

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