According to the latest Meat & Livestock Australia (MLA) Sheep Industry Projections, the national flock is predicted to begin a rebuild and is forecast to lift five percent to 63.7 million head by June.
MLA expects lamb numbers to lift his year.
Heightened retention of ewes and ewe lambs will create tight supplies over the first half of the year, with prices expected to find support from smaller yardings.
An industry survey says there are 40.7 million breeding ewes in Australia.
Sheep survey needs participation
Lamb slaughter hits seven-year low
Lamb slaughter numbers drop to eight-year low
