Beef

Market feel:

Demand is staying on a higher level which is supporting prices that remain relatively stable on a higher level. Weaner prices decreased the past week due to lower demand. It is expected that the weaner price can trend downward over the short term and gain some support in January again. A and C grade prices can remain on a sideways/upward trend as we move towards the end of the year.

Price movements Weaners – The price is 0.68% lower compared to the previous week, 2.33% higher than a month ago and 4.63% 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 0.24% higher compared to the previous week, 3.17% higher than a month ago and 10.79% 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 0.03% higher compared to the previous week, 4.39% higher than a month ago and 7.45% higher than last year the same time. Based on historic trends, the price can trend upward over the coming week.

Mutton

Market feel: There is less resistance from consumers at the moment, which resulted in the slaughter prices to increase. Supply of lambs increased which coupled with lower demand from feedlots resulted in this price to decrease. Feeder lamb prices can decrease while slaughter prices are likely to increase as we move towards the end of the year.

Price movements Lambs – The price is 2.80% lower compared to the previous week, 6.78% lower than a month ago and 8.43% 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 1.92% higher compared to the previous week, 2.59% higher than a month ago and 0.32% higher than last year the same time. Based on historic trends, the price can trend downward over the coming week.

C2/3 – The price is 0.44% lower compared to the previous week, 0.28% lower than a month ago and 3.87% higher than last year the same time. Based on historic trends, the price can trend upward over the coming week.

Goats

Market feel: Lower demand resulted in small goat prices to decrease the past week. Continued low expected demand can result in prices to remain on a downward trend for the remainder 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 1.63% higher compared to the previous week, 5.96% higher than a month ago and 25.13% higher than last year the same time. Based on historic trends, the price can trend upward over the coming week.

Small – The price is 4.78% lower compared to the previous week, 10.11% lower than a month ago and 11.72% higher than last year the same time. Based on historic trends, the price can trend upward over the coming week.

Ewes – The price is 4.83% higher compared to the previous week, 8.65% lower than a month ago and 33.09% higher than last year the same time. Based on historic trends, the price can trend downward over the coming week.

Pork

Market feel:

Higher import parity prices and higher local demand resulted in prices to stay on its current levels. Based on seasonality, a sideways price trend is expected over the next month for porker and baconer prices, with lower prices again expected in the new year.

Price movements Baconers – The price is 0.68% higher compared to the previous week, 2.74% higher than a month ago and 6.78% lower than last year the same time. Based on historic trends, the price can trend upward over the coming week.

Porkers – The price is 0.10% lower compared to the previous week, 3.12% higher than a month ago and 13.51% lower than last year the same time. Based on historic trends, the price can trend upward over the coming week.

Poultry

Higher demand resulted in higher prices in general on the local markets. However, import parity prices decreased the past week, which can result in lower prices closer to the end of the year. Based on seasonality, these prices can continue to trend downward based on lower demand and higher supply levels. The weaker exchange rate can however result in prices to stay on a higher level than expected.

Price movements

Frozen– The price is 2.60% higher compared to the previous week, 0.53% higher than a month ago and 11.75% higher than last year the same time. Based on historic trends, the price can trend downward over the coming week.

Fresh – The price is 1.99% higher compared to the previous week, 0.43% higher than a month ago and 12.46% higher than last year the same time. Based on historic trends, the price can trend downward over the coming week.

IQF – The price is 1.74% higher compared to the previous week, 0.01% lower than a month ago and 12.97% higher than last year the same time. Based on historic trends, the price can trend downward over the coming week.

Feed

Price movements

Maize– The yellow maize price is 4.32% higher compared to the previous week, 6.09% higher than a month ago and 13.00% higher than last year the same time.

Sunflower – The price is 0.76% higher compared to the previous week, 4.63% higher than a month ago and 30.89% higher than last year the same time.

Soy meal (48% cif) – The price is 0.75% lower compared to the previous week, 0.73% higher than a month ago and 1.53% lower than last year the same time.

Lucerne (supreme quality) – The price is unchanged compared to the previous week and 11.11% higher than a month ago (price as in Douglas excluding transport)