BEEF

Live Weaner R39.87 PER KG (LIVE)

A2/A3 R53.13 per kg

C2/C3 R45.11 per kg

Market feel:

Demand is staying on a higher level which is supporting prices that remain relatively stable on a higher level. However, weaner prices increased the past week due to higher demand and higher slaughter prices. It is expected that this price can trend sideways over the short term and gain some support in December again. A and C grade prices can remain on a sideways/upward trends we move towards the end of the year.

Price movements

Weaners

– The price is 0.31% higher compared to the previous week, 4.43%higher than a month ago and 8.98% higher than last year the same time. Basedon historic trends, the price can trend downward over the coming week.

A2/3

– The price is 0.16% lower compared to the previous week, 2.95% higherthan a month ago and 7.25% higher than last year the same time. Based onhistoric trends, the price can trend upward over the coming week.

C2/3

– The price is 0.34% higher compared to the previous week, 1.55% higherthan a month ago and 6.39% higher than last year the same time. Based onhistoric trends, the price can trend upward over the coming week.

MUTTON

Feeder Lamb R45.26 PER KG (LIVE)

A2/A3 R82.67 per kg

C2/C3 R67.24 per kg

Market feel:

There is less resistance from consumers at the moment, which resulted in theslaughter prices to increase. Supply of lambs are currently very low and increasedwith higher demand from consumers and feedlots driving this price upward.Lamb prices can move sideways while slaughter prices are likely to increase as wemove towards the end of the year.

Price movements

Lambs – The price is 1.87% higher compared to the previous week, 4.46% higherthan a month ago and 8.97% higher than last year the same time. Based onhistoric trends, the price can trend downward over the coming week.

A2/3 – The price is 0.32% higher compared to the previous week, 4.51% lowerthan a month ago and 1.49% lower than last year the same time. Based onhistoric trends, the price can trend downward over the coming week.

C2/3 – The price is 0.76% lower compared to the previous week, 2.65% lowerthan a month ago and 0.95% higher than last year the same time. Based onhistoric trends, the price can trend upward over the coming week.

GOATS

Large Goats R40.06 per kg

Small Goats R67.81 per kg

Ewes R43.97 per kg

Market feel:

Although prices remained on a higher level, lower expected demand can result inprices to remain on a downward trend at least until the start of December. Based onseasonal trends, prices can gain some momentum from the start of December againwhen demand is expected to increase over the holiday period.

Price movements

Large

– The price is 12.66% lower compared to the previous week, 2.21%lower than a month ago and 8.80% higher than last year the same time.Based on historic trends, the price can trend downward over the comingweek.

Small

– The price is 4.43% lower compared to the previous week,

4.62% higher than a month ago and 9.47% higher than last year the sametime. Based on historic trends, the price can trend upward over thecoming week.

Ewes

– The price is 9.75% lower compared to the previous week, 0.36%lower than a month ago and 3.49% lower than last year the same time.Based on historic trends, the price can trend upward over the comingweek.

PORK

BaconersR27.25 per kg

Porkers R28.16 per kg

Sausage R22.34 per kg

Market feel:

The stronger exchange rate about two weeks ago resulted in lower import parity prices, but local prices remained in a supportive environment. Based on seasonality, an upward price trend is expected over the next month, but we can expect price to stabilise in December.

Price movements

Baconers – The price is 0.66% higher compared to the previous week, 5.90% higher than amonth ago and 5.39% lower than last year the same time. Based on historic trends, the price cantrend upward over the coming week.

Porkers – The price is 1.10% higher compared to the previous week, 3.27% higher than a monthago and 12.32% lower than last year the same time. Based on historic trends, the price can trendupward over the coming week.

POULTRY

Frozen R29.28 per kg

Fresh R31.13 per kg

IQF R27.38 per kg

The weaker exchange rate the past week resulted in higher import parity priceswhich also supported the local prices last week. Based on seasonality, prices arelikely to remain on a higher level, but there might be some price resistance which canlimit any significant upward sentiment over the short term.

Price movements

Frozen

– The price is 0.35% lower compared to the previous week, 1.94% higherthan a month ago and 14.88% higher than last year the same time. Based onhistoric trends, the price can trend upward over the coming week.

Fresh

– The price is 0.19% higher compared to the previous week, 3.27% higherthan a month ago and 19.17% higher than last year the same time. Based onhistoric trends, the price can trend upward over the coming week.

IQF

– The price is 0.87% higher compared to the previous week, 1.17% higher than amonth ago and 15.05% higher than last year the same time. Based on historictrends, the price can trend upward over the coming week.

Source: AMT