Lamb numbers in the South Island are down this year, according to Hugh Murchison of Heartland Bank.
Murchison spoke to Rural Exchange to give an update on the livestock market.
He said lambs were in "short supply" down south at the moment, and prices would increase when they hit the market.
"Last year...there were 200,000 lambs that came south from the North Island, now they're just not here," he said.
"The stock's just not about."
Listen to the interview with Murchison for the full market update.
This article was created for Heartland Bank as the sponsor of the Rural Exchange Market Update.
Rural Exchange with Hamish McKay and Richard Loe, 6-8am Saturday and Sunday on Magic Talk.