A report by Beef and Lamb New Zealand (B+LNZ) has confirmed expectations for a decrease in lambs in 2024, attributed to a declining ewe flock and lower ewe lambing percentage. The lamb crop is projected to drop by 1.1 million heads, or 5.2%, from 2023, totaling an estimated 19.2 million. This decrease is expected to result in a 6.5% drop in export lamb numbers throughout the season. Despite challenges, including adverse weather during lambing and lower Australian lamb production, which may lead to higher international prices, New Zealand processing companies are monitoring potential supply shortfalls. Despite these challenges, B+LNZ's chair finds reasons for cautious optimism in the sector, such as better lambing conditions in the North Island, higher early-season farmgate prices for sheepmeat, and stronger cattle prices.