BEEF

Live Weaner – R40.56 per kg (live)

A2/A3 – R54.26 per kg

C2/C3 – R47.68  per kg

Market feel:

Demand is expected to decrease over the start of this year which can result in the A and C grade prices that can remain in a downward trend over the start of the year. Weaner prices traditionally increase over the first few weeks of the year as demand is higher and feedlots look to stock up again. Expect higher feed costs, lower slaughter prices and higher weaner prices to put severe pressure on the profitability of feedlots.

Price movements

Weaners – The price is 0.54% higher compared to the previous week, 0.56% higher than a month ago and 6.88% higher than last year the same time. Based on historic trends, the price can trend downward over the coming week.

A2/3 – The price is 0.13% higher compared to the previous week, 3.86% lower than a month ago and 9.24% higher than last year the same time. Based on historic trends, the price can trend upward over the coming week.

C2/3 – The price is 2.76% lower compared to the previous week, 0.35% lower than a month ago and 6.70% higher than last year the same time. Based on historic trends, the price can trend upward over the coming week.

MUTTON

Feeder Lamb – R40.68 per kg (L I V E)

A2/A3 -R84.16 per kg

C2/C3 -R69.53 per kg

Market feel:

Lower consumer demand resulted in the slaughter prices to decrease over the first week of the year. Supply of lambs increased which coupled with lower demand from feedlots resulted in this price to decrease as well. Feeder lamb prices can stay constant while slaughter prices are likely to decrease as demand may put pressure on these prices.

Price movements

Lambs – The price is 0.05% higher compared to the previous week, 1.52% lower than a month ago and 3.11% higher than last year the same time. Based on historic trends, the price can trend upward over the coming week.

A2/3 – The price is 0.78% lower compared to the previous week, 0.74% lower than a month ago and 3.83% higher than last year the same time. Based on historic trends, the price can trend upward over the coming week.

C2/3 – The price is 1.02% lower compared to the previous week, 0.98% lower than a month ago and 2.51% higher than last year the same time. Based on historic trends, the price can trend upward over the coming week.

GOATS

Large Goats – R46.48 per kg

Small Goats – R60.61 per kg

Ewes – R44.12 per kg

Market feel:

Lower demand and higher supplies resulted in all goat prices to decrease the past week. Low expected demand can result in prices to remain on a downward trend over the first part of the year. Based on seasonal trends, prices are usually lower during the summer months and we therefore expect price to trade on a lower level during the first part of next year.

Price movements

Large – The price is 4.25% lower compared to the previous week, 5.79% higher than a month ago and 19.72% higher than last year the same time. Based on historic trends, the price can trend downward over the coming week.

Small – The price is 3.09% lower compared to the previous week, 1.02% lower than a month ago and 24.23% higher than last year the same time. Based on historic trends, the price can trend downward over the coming week.

Ewes – The price is 0.20% lower compared to the previous week, 0.59% lower than a month ago and 16.78% higher than last year the same time. Based on historic trends, the price can trend downward over the coming week.

PORK

Baconers – R27.60 per kg

Porkers – R28.13 per kg

Sausage – R22.16 per kg

Market feel: The stronger exchange rate coupled with lower demand locally resulted in prices to decrease the past week. Based on seasonality, a downward price trend is expected over the first few months of the year. However, higher poultry prices can support prices.

Price movements

Baconers – The price is 0.65% lower compared to the previous week, 3.84% lower than a month ago and 9.35% lower than last year the same time. Based on historic trends, the price can trend downward over the coming week.

Porkers – The price is 0.62% lower compared to the previous week, 6.29% lower than a month ago and 17.50% lower than last year the same time. Based on historic trends, the price can trend downward over the coming week.

POULTRY

Frozen – R28.91 per kg

Fresh – R30.13 per kg

IQF – R27.55 per kg

Lower demand resulted in lower prices in general on the local markets. Although import parity prices also decreased the past week (stronger Rand), which resulted in lower IQF prices, the local frozen and fresh prices increased on the back of higher demand. Based on seasonality, these prices can continue to trend upward based on higher demand and lower supply levels.

Price movements

Frozen– The price is 0.52% higher compared to the previous week, 1.89% lower than a month ago and 9.67% higher than last year the same time. Based on historic trends, the price can trend downward over the coming week.

Fresh – The price is 1.41% higher compared to the previous week, 1.46% lower than a month ago and 10.67% higher than last year the same time. Based on historic trends, the price can trend downward over the coming week.

IQF – The price is 1.92% lower compared to the previous week, 0.68% lower than a month ago and 8.02% higher than last year the same time. Based on historic trends, the price can trend upward over the coming week.

FEED

Price movements

Maize– The yellow maize price is 2.12% lower compared to the previous week, 4.07% lower than a month ago and 7.00% higher than last year the same time.

Sunflower – The price is 0.18% lower compared to the previous week, 5.56% lower than a month ago and 16.35% higher than last year the same time.

Soy meal (48% cif) – The price is 5.82% higher compared to the previous week, 9.81% higher than a month ago and 4.69% lower than last year the same time.

Lucerne (supreme quality) – The price is unchanged compared to the previous week and month (price as in Douglas excluding transport).