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Weekly Livestock Report: 4 October 2021

Beef

Market feel:

Demand is staying on a higher level which is supporting prices that remain relatively stable on a higher level. However, weaner prices trended upward the past week due to lower supplies. It is still expected that this price can continue to trend upward as we move closer to the end of the year. 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 0.06% higher compared to the previous week, 1.93% higher than a month ago and 2.20% 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 0.01% lower compared to the previous week, 0.17% lower than a month ago and 6.37% 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 0.09% higher compared to the previous week, 1.02% higher than a month ago and 8.56% higher than last year the same time. Based on historic trends, the price can trend downward over the coming week.

Mutton

Market feel:

There is still resistance towards high prices at the moment from consumers, which coupled with higher expected supply of lambs has added to the pressure on prices. However, demand is picking up for feeder lambs with suppliers getting ready for the December market. Slaughter prices are likely to stay under pressure due to low demand.

Price movements

Lambs

  • The price is 1.68% higher compared to the previous week, 0.48% lower than a month ago and 0.19% lower than last year the same time. Based on historic trends, the price can trend downward over the coming week.
    A2/3
  • The price is 0.53% lower compared to the previous week, 5.69% lower than a month ago and 3.27% lower than last year the same time. Based on historic trends, the price can trend downward over the coming week.
    C2/3
  • The price is 1.26% lower compared to the previous week, 4.60% lower than a month ago and 3.21% higher than last year the same time. Based on historic trends, the price can trend upward over the coming week.

Goats

Market feel:

Prices are extremely high at the moment due to limited supply and demand that remains on a higher level. The recent drought towards the western production areas resulted in lower than usual herd and slaughter numbers. Based on seasonality, these prices can gradually start to decrease as there is some resistance towards higher prices at the moment.

Price movements

Large

  • The price is 1.57% higher compared to the previous week, 2.59% higher than a month ago and 11.58% higher than last year the same time. Based on historic trends, the price can trend downward over the coming week.
    Small
  • The price is 5.08% higher compared to the previous week,
    0.15% higher than a month ago and 0.24% higher than last year the same time. Based on historic trends, the price can trend downward over the coming week.
    Ewes
  • The price is 1.22% higher compared to the previous week, 4.11% lower than a month ago and 3.00% higher than last year the same time. Based on historic trends, the price can trend upward over the coming week.

Pork

Market feel:

Supply levels remained constant while the weaker exchange rate supported the local pricethe past week. Based on seasonality, an upward price trend is expected over the next fewmonths.

Price movements

Baconers

The price is 0.33% higher compared to the previous week, 1.21% higher than a month ago and 6.59% lower than last year the same time. Based on historic trends, the price can trend upward over the coming week.

Porkers

The price is 1.68% higher compared to the previous week, 3.52% higher than a month ago and 9.76% lower than last year the same time. Based on historic trends, the price can trend upward over the coming week.

Poultry

Market feel:

Demand increased the past week, which coupled with a weaker exchange rate and higher import parity prices resulted in an increase in local prices last week. Based on seasonality, the upward price trend is likely to continue until the end of the year especially considering higher import prices and a weaker exchange rate.

Price movements

Frozen

The price is 0.00% lower compared to the previous week, 0.89% higher than a month ago and 12.90% higher than last year the same time. Based on historic trends, the price can trend upward over the coming week.

Fresh

The price is 1.33% higher compared to the previous week, 2.01% higher than a month ago and 18.28% higher than last year the same time. Based on historic trends, the price can trend downward over the coming week.

IQF

The price is 0.28% lower compared to the previous week, 0.17% higher than a month ago and 16.63% higher than last year the same time. Based on historic trends, the price can trend upward over the coming week.

Source: AMT Weekly Livestock Report

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