“Although inflation is affecting buying habits and creating greater pressure on lamb retail prices and demand, prospects for lamb producers look favourable,” says Ann Boyda, provincial livestock market analyst with the Alberta government.
Alberta live weight lamb prices as reported by Statistics Canada for the period January through June 2023 were $249.37/hundredweight (cwt), down 4.7% from the same period in 2022. The average June Alberta lamb live weight price has increased by 24% since the start of 2023 and 11% over June 2022.
The average year-to-date (January to August 11, 2023) live weight cash price for slaughter lamb was $258.07/cwt, 2.3% lower than that of the same period last year but 15.6% higher than the 5-year average. Since May 2023, weekly live cash prices have surpassed prior year weekly prices.
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