beef
Weaner calf prices expected to stabilise
Beef Class A carcass prices are expected to trade sideways with some scope for increases as exports gain momentum. This growth will however be underpinned by effective disease control. After decreasing significantly at the end of Quarter 2 due to hot and dry conditions affecting feed prices and grazing[...]
Agri Trends Livestock: Local prices show month-on-month declines
Beef market trends International beef market The U.S. beef prices remain firm despite lower feed costs and improving weather, driving demand for feeder cattle. Prices of feeder cattle saw strong support from the steep decline in corn prices underpinned by hefty US and global supplies that continue to weigh[...]
Is the beef industry likely to rebound in 2024?
Farmers have reported a bumper harvest due to excellent rains. According to the South African Weather Service and other reports, persistent above-average rains in the 2022/2023 summer rainfall period led to very high soil moisture levels and full dams. This has led to estimations for the 2022/23 maize harvest[...]
2023 outlook: Beef industry facing headwinds, expects subdued growth
Consumers are feeling the pinch, and so are food producers. Despite upward cost pressures, Beefmaster Group is committed to not passing increases on to customers. Beefmaster Group, one of South Africa’s leading suppliers of specialist beef products to South Africa and beyond, says local beef producers and the agriculture[...]
South African beef industry in global spotlight this month
Local beef producers are hoping to unlock increased trade volumes for South Africa from key markets like the United Arab Emirates (UAE) in 2022. “We are positive on international markets this year, given that our beef products continue to be sought-after in destinations like the Middle East. We would[...]