There are many different factors that affect market lamb price, including producer supply and consumer demand, economy strength, and religious customs and cultural preferences. Lamb prices are usually the highest during spring because of high lamb production. Lamb consumption and price also generally rise during strong economic periods.
The price of lamb also varies depending on the amount of processing required. The price of lamb is generally higher from the retailer compared to directly from the farm. Technological advances also decrease the price of lamb as processing and packaging is improved. The USDA also grades lamb meat quality, leading to higher or lower prices. Younger lamb generally receive higher quality grades than older lamb.