Some breeds still do, and as the price of wool plummets because we insist on wearing plastic fleeces for warmth, that is becoming more popular for meat breeds as it saves the cost of shearing. But if the wool is saleable it’s far more convenient for the farmer to have the fleece taken off in one piece neatly and safely that to have it falling off in fields, which is why the shedding was bred out when wool was better valued as a natural resource.
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