New Zealand has long been known for having more sheep than people, but that iconic ratio is slowly shrinking.
In 2024, the country had 4.5 sheep for every person. That is a far cry from the 22 sheep per person in 1982.
As wool prices fell and farming shifted to more profitable industries, New Zealand’s sheep numbers have steadily declined. Despite efforts to support the wool industry, the national flock continues to shrink, with neighboring Australia facing a similar trend.
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Imported lean beef continues to play a critical role in U.S. hamburger and ground-beef production, with any added volume from Argentina serving as a supplement — not a market overhaul.
A fast-moving series of trade signals from the White House and key partners is resetting the near-term outlook for U.S. agriculture.
Stay alert for trade announcements—especially border reopening timelines, tariff threats, and developments in Brazil’s export flows.
R-CALF USA CEO Bill Bullard joins Market Day Report for his insight on the USDA’s plan to strengthen the U.S. beef industry.
Until a phased reopening is inked, plan for tighter feeder availability, firmer basis near border yards, and continued reliance on domestic and Canadian sources.
