<ETA> I didn't know you were not in the UK.
Everything I've posted below relates to UK Sky/Freesat from the Astra cluster.
It may not apply to your setup.</ETA>
The innards of an LNB are not just coils and stuff, it's a fairly complex bit of magic RF electronics.
There's no test you can do with a simple meter on it.
The tuner(s) in the sat box provide power and switching signals to the LNB to tell it what channels to send down the cable.
For various reasons, all the channels can't go down one cable at the same time, unlike a normal TV aerial.
I'd go into the setup menu on the box and look at signal strength and quality.
Then, I'd probably do part swapping starting with easiest first.
So a different sat box first.
Then I'd probably bring the box up close to the dish, and run a length of known-good cable.
Then I'd put my signal strength meter in-line between the LNB and box. ( Could the dish have moved? )
Then I'd be looking at swapping the LNB.