This piece considers the dynamics in the livestock industry to T explore what price trends could look like over the coming weeks.
BEEF
Class A carcass beef prices held firm, hovering around the R55/kg mark since the second week of January and continuing post-Easter. This trend exhibited a departure from the historical post-festive season downward trend, which typically reversed due to the Easter holiday-induced demand. We are of the opinion that Class A carcass prices have remained predominantly bullish largely influenced by an uptick in beef exports. However, the beef export data for the first quarter of 2024 is not yet available to confirm this trend.
Class C carcass prices eased monthon-month (m/m) by 5,6% (see Graph 1), reflecting subdued consumer demand attributed to ongoing consumer income pressures. Class A carcass prices also traded sideways year-on-year (y/y), while Class C carcass prices decreased by 10%. Weaner prices decreased by 3,2% m/m and were 11,7% lower y/y, weighed by the increased supply of weaner calves. Profitability, as measured by the beef-to-maize ratio, decreased by 5,6% m/m. This is the result of higher yellow maize prices, increasing by 6,5% y/y as a result of the pessimistic maize production sentiments caused by the dry and hot weather during critical growing stages, which led to maize quality and yield concerns.
Esta historia es de la edición 10 May 2024 de Farmer's Weekly.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 8500 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición 10 May 2024 de Farmer's Weekly.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 8500 revistas y periódicos.
Ya eres suscriptor? Conectar
The oxwagon: a symbol of work, endurance and innovation
The oxwagon has become synonymous with the Great Trek, but few people know that the oxen bartered by the Khoikhoi were actually well-trained animals that responded to voice commands. Lucille Davie reports.
How to treat horses suffering from piroplasmosis
Babesia equi in horses is a notifiable disease in parts of the US, but not in South Africa. It causes fatal anaemia, warns Dr Mac.
All-electric 'Jaecoo's Jimny' is coming to SA!
This cute all-electric off-roader is on its way to South Africa and we've had a quick drive. Here's all you need to know about the Jaecoo J6.
Practical guidelines to prevent stock theft
Laurence Palmer, a security consultant, lists some practical advice that farmers can follow to prevent stock theft.
Understanding the economics of aquaponics.
Leslie Ter Morshuizen explains the economics of aquaponics production and best-grown crops.
Mondi Zimele develops farmers
KZN business uses farming for economic development of province
Township agriculture, rabies campaign launched
In a push to ensure food security in communities, the KwaZuluNatal (KZN) government has implemented a comprehensive agricultural programme designed to stimulate township economies.
Demand for Australian lamb grows
Meat and Livestock Australia (MLA) has said that American demand for Australian lamb has risen significantly since December.
KwaZulu-Natal gains 180 agriculture graduates
Joy could be seen throughout the Olive Convention Centre in Durban, KwaZulu-Natal (KZN), as 180 students, the class of 2023, achieved a significant milestone at a joint graduation ceremony.
Farmers warned not to plant GM maize in Zimbabwe
Vangelis Haritatos, Zimbabwe's deputy minister of lands, agriculture, fisheries, water and rural development, has issued a stern warning to the country's maize growers that no imported genetically modified (GM) maize may be used as seeds.