Lamb Goat Market Forecast App
The Lamb Goat Market Forecast app is a valuable tool for Texas sheep and goat producers, aiding in predicting the fluctuation in value of light weight slaughter lambs and kid goats. Users input details such as the intended selling month, animal weight, and cost of gain if they were to retain ownership. Leveraging market data from Producers Livestock Auction Co. in San Angelo, TX dating back to 2010, the app calculates the change in value (Marginal Revenue) based on factors like month, weight gain, and cost of gain. It doesn't provide precise price forecasts but estimates the per head value change typically seen in the market according to the month and animal weight.
The app displays current value ($/Hd) and market price ($/Cwt.) while offering a convenient link to USDA-Agricultural Marketing Service reports for producers to stay updated on market conditions. It serves as a practical resource for making informed decisions in the Texas sheep and goat industry.
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