Weekly Livestock Report #6- 14 February 2022

amt livestock
Photo: AMT Livestock report
BEEF
Live Weaner- R41.76 PER KG (LIVE)
A2/A3 – R55.50 per kg
C2/C3 – R47.19 per kg
Market feel:
Weaner prices increased on the back of higher demand (tax purchases) towards the end of February, however we may see prices trending downward at the end of this month mostly due to higher supply and lower demand. Slaughter prices stabilized on a lower level, but can trend upwards over then ext few months due to higher demand.
Price movements
Weaners – The price is 1.89% higher compared to the previous week, 3.52%higher than a month ago and 8.05% 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 0.73% lower compared to the previous week, 2.41% higher than a month ago and 10.61% 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 1.18% lower compared to the previous week, 3.76% lower than a month ago and 6.51% higher than last year the same time. Based on historic trends, the price can trend downward over the coming week.
MUTTON
Feeder Lamb – R43.12 PER KG (LIVE)
A2/A3 – R84.60 per kg
C2/C3 – R69.82 per kg
Market feel:
Demand decreased and resulted in the slaughter prices to decrease the past week as well. Higher demand however for lambs (tax purchases) resulted in this price to increase the past week. Feeder lamb and slaughter prices are likely to decrease as demand may put pressure on these prices over the next two months.
Price movements
Lambs – The price is 3.08% higher compared to the previous week, 6.06% higher than a month ago and 9.75% 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 0.29% lower compared to the previous week, 0.26% lower than a month ago and 1.94% 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 0.65% lower compared to the previous week, 0.61% lower than a month ago and 5.10% higher than last year the same time. Based on historic trends, the price can trend downward over the coming week.
GOATS
Large Goats – R37.49 per kg
Small Goats – R51.22 per kg
Ewes- R38.98 per kg
Market feel:
Lower demand and higher supply to the markets resulted in prices to remain on a downward trend since the start of the year. Based on seasonal trends, prices are usually lower during the summer and autumn months and we therefore expect price to trade on a lower level during the first part of this year.
Price movements
Large – The price is 5.76% lower compared to the previous week, 22.78%lower than a month ago and 3.71% higher than last year the same time. Based on historic trends, the price can trend upward over the coming week.
Small – The price is 5.51% lower compared to the previous week, 18.10% lower than a month ago and 3.47% lower than last year the same time. Based on historic trends, the price can trend upward over the coming week.
Ewes – The price is 9.51% lower compared to the previous week, 11.82%lower than a month ago and 2.27% higher than last year the same time. Based on historic trends, the price can trend upward over the coming week.
PORK
Baconers – R25.00 per kg
Porkers- R25.95 per kg
Sausage – R20.11 per kg
Market feel:
The stronger exchange rate coupled with lower demand locally
resulted in prices to decrease again. Based on seasonality, a downward price trend is expected for baconer prices while porker prices can stabilize. Higher import parity prices can also help support prices this week.
Price movements
Baconers – The price is 1.75% lower compared to the previous week, 9.98% lower than a month ago and 16.04% lower than last year the same time. Based on historic trends, the price can trend downward over the coming week.
Porkers – The price is 0.37% lower compared to the previous week, 8.30% lower than a month ago and 19.78% lower than last year the same time. Based on historic trends, the price can trend downward over the coming week.
POULTRY
Frozen – R29.11 per kg
Fresh – R30.39 per kg
IQF -R27.60 per kg
Market feel:
Import parity prices decreased the past week (stronger Rand), which resulted in lower IQF prices. The local frozen and fresh prices decreased on the back of lower demand and lower import price. Based on seasonality, these prices can continue to trade on similar levels based on higher demand and higher import parity price levels
Price movements
Frozen – The price is 0.54% lower compared to the previous week, 1.22% higher than a month ago and 8.48% higher than last year the same time. Based on historic trends, the price can trend upward over the coming week.
Fresh – The price is 0.41% lower compared to the previous week, 2.29% higher than a month ago and 7.37% higher than last year the same time. Based on historic trends, the price can trend upward over the coming week.
IQF – The price is 0.65% higher compared to the previous week, 1.72% lower than a month ago and 8.12% 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 3.14% higher compared to the previous week, 1.71% higher than a month ago and 10.98% higher than last year the same time.
Sunflower – The price is 7.49% lower compared to the previous week, 10.01% lower than a month ago and 7.22% higher than last year the same time.
Soy meal (48% cif) – The price is 2.93% higher compared to the previous week, 4.73% higher than a month ago and 1.65% higher than last year the same time.
Lucerne (supreme quality) – The price is 0% higher compared to the previous week and 4.29%higher than a month ago (price as in Douglas excluding transport).
Source: www.amtrends.co.za