Sheep Inventory Declines While Goat Numbers Edge Higher

Shrinking sheep numbers contrast with gradual goat expansion, signaling tighter lamb supplies but steadier growth potential for meat goats.

IMG_9420 copy.jpg

FarmHER, Inc.

WASHINGTON, D.C. (RFD NEWS) — U.S. sheep inventories continued to contract at the start of 2026, while goat numbers posted modest growth, reflecting diverging trends across small-ruminant sectors. USDA’s January 1 Sheep and Goats report (PDF Version) shows a gradual tightening in sheep supplies alongside steadier expansion in meat-goat production.

All sheep and lambs totaled 4.99 million head on January 1, down 1 percent from a year earlier. Breeding sheep inventories fell 1 percent to 3.61 million head, with ewes one year old and older declining to 2.85 million head. Market sheep and lambs rose 1 percent to 1.38 million head, driven primarily by market lambs, which accounted for 94 percent of the total.

Production indicators point to limited expansion. The 2025 lamb crop slipped slightly to 3.03 million head, and the lambing rate declined to 105 lambs per 100 ewes. Wool production fell 5 percent to 20.5 million pounds, while average wool prices dropped to $1.40 per pound, reducing total wool value year over year.

Goat inventories moved in the opposite direction. All goats and kids increased 1 percent to 2.51 million head, supported by a 1 percent gain in breeding goats and a 1 percent increase in the 2025 kid crop. Meat and other goats rose 2 percent, offsetting declines in milk goats and angora goats.

Mohair production totaled 430,000 pounds in 2025, with prices averaging $6.40 per pound.

Farm-Level Takeaway: Shrinking sheep numbers contrast with gradual goat expansion, signaling tighter lamb supplies but steadier growth potential for meat goats.
Tony St. James, RFD NEWS Markets Specialist
Related Stories
Spring Fieldwork Expands While Weather Challenges Persist Nationwide
Brandy Carroll with the Arkansas Farm Bureau shares an update on planting conditions and what producers are facing this season.
Sponsored
Matt Dolch with Syngenta discusses rootworm pressure, the latest trait technologies, and how corn growers can plan for 2027.
Rich Nelson with Allendale joined us to break down early planting progress, market expectations, and what producers should keep an eye on as the season moves forward.

Tony St. James joined the RFD-TV talent team in August 2024, bringing a wealth of experience and a fresh perspective to RFD-TV and Rural Radio Channel 147 Sirius XM. In addition to his role as Market Specialist (collaborating with Scott “The Cow Guy” Shellady to provide radio and TV audiences with the latest updates on ag commodity markets), he hosts “Rural America Live” and serves as talent for trade shows.

LATEST STORIES BY THIS AUTHOR:

Strong demand persists despite short-term price pressure.
High prices alone may not drive herd expansion.
Cotton may gain demand as polyester costs rise.
Trust with lenders strengthens farm financial decision-making.
U.S. pork production is rising slightly, driven by steady domestic demand, prices, and expanding global meat export markets beyond China.
A prolonged Iran ceasefire offers limited relief as fertilizer concerns persist, prompting U.S. policy shifts and driving farmers to reconsider crop acreage.
Agriculture Shows
Hosted by Scott “The Cow Guy” Shellady and RFD News Markets Specialist Tony St. James, Commodity Talk delivers expert insight into the day’s ag commodity markets just before the CME opens. Only on RFD-TV and Rural Radio SiriusXM Channel 147.
A look at the news, weather and commodities headlines that drove agriculture markets in the past week.
Everything profits from prairie. Soil, air, water — and all kinds of life! Learn how you can improve your land with prairie restoration, cover crops and prairie strips, while growing your bottom line.
From soil to harvest. Top Crop is an all-new series about four of the best farmers in the world—Dan Luepkes, of Oregan, Illinois; Cory Atley, of Cedarville, Ohio; Shelby Fite, of Jackson Center, Ohio; Russell Hedrick, of Hickory, North Carolina—reveals what it takes for them to make a profitable crop. It all starts with good soil, patience, and a strong planter setup.