A dry December and good livestock prices have caused lower-than-usual processing volumes for the rest of the season.
Beef + Lamb New Zealand's Economic Service predicted the volume yet to come would be lower than the five previous seasons. Its analysis showed dry conditions and strong prices for lamb, mutton and beef in the December quarter of the 2017-18 season drove high processing volumes.
The average value per tonne for lamb, mutton and beef exports was at record or near-record levels in the December quarter, it said. The season runs from October to September, with peak processing usually occurring in the March quarter.
The total number of lambs available for processing in 2017-18 would be up 1.3% on the previous season. However, the number processed in the December quarter was up 13%, leaving 2.1% fewer lambs for the remainder of the season compared with 2016-17.
The Economic Service estimated the number of sheep available for processing from January to September was down 17% on the previous season, and the total available for mutton down 6%.