Latest Beef Price Trends

In the week of 3 May 2019, the average price of weaners (190 – 250kg less auction fees) declined in total by 1,4% compared to the previous week, 2,2% lower against a month ago and 18,9% lower year-on-year. The increase in the average price of weaners is against the previous week seems to be the result of a weaker demand in the market, due to increased imports from Namibia enhanced by the severe drought in that country.

For the coming week the price is expected to move further sideward. Based on the long term trend over the past 20 years, the chance is 60,0% for a higher price in June in comparison to May and in July the chance is 85,0% for a higher price compared to June. These predictions do not take into account the present indirect effect of the FMD outbreak on the weaner industry.
The average producer price of Class A2/A3 beef declined in total by 0,1% in the week of 10 May 2019 compared to the previous week, 1,9% higher compared to a month ago and 6,0% down year-on-year. For the coming week, the average price of the A2/A3’s is expected to move sideward/upward.

Looking further ahead, the chance is however 80,0% for a lower average price in June compared to May, which is based on prices over the past 20 years and 60,0% for a higher price in July compared to June.

In the week of 10 May 2019, the average price of the C2/C3’s increased in total by 0,4% against the previous week, 0,6% lower against a month ago and 7,9% lower year-on-year. The increase in the price may be the result of lower carryover stocks from the previous weeks due to a lower supply. For the coming week, the average price of the C2/C3’s is expected to move further sideward.

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