Impact of Sheep Farmers' Decision on Lamb Market
VerifiedAI Summary
The article discusses the impact of sheep farmers' decision to enhance their flocks on the lamb market. It explains how the decrease in supply due to the decision is expected to lead to a surge in the prices of lamb and associated products. The article also highlights the future concerns related to the incremental flock entering supply and the lack of enough capacity in the form of abattoirs. The graph in the article shows the shift in the supply curve and the decrease in equilibrium quantity and increase in prices of lamb. The article cites relevant references to support the discussion.