Australia has seen a decrease in lamb slaughter numbers, falling below last year's levels, despite remaining above the five-year average. This decline is attributed to processor shutdowns and fewer lambs available. Concurrently, sheep slaughter numbers have risen. Despite the drop, lamb slaughter this year is still 17% higher than last year and 26% higher than the five-year average. Meanwhile, mutton slaughter has surged by 14% and 49% respectively from the previous year and the five-year average. The reduction in lamb numbers is expected to result in a tighter supply of slaughter-ready lambs, particularly heavy weight ones. However, there may be consumer resistance to the rising prices, and exports to China and the Middle East have already seen a decrease likely due to high prices.