Slaughter lamb prices are slowly gaining strength, while price volatility remains at auction markets.
Ann Boyda, provincial livestock market analyst with the Alberta government, says although inflation is affecting buying habits and creating greater pressure on lamb retail prices and demand, prospects look favourable for lamb producers.
Alberta live weight lamb prices as reported by Statistics Canada for January through June were $249.37 per hundredweight, down 4.7 per cent from the same period in 2022.
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The average June Alberta lamb live weight price has increased by 24 per cent since the start of 2023 and 11 per cent over June 2022.
