Beef: Four more cases of FMD outbreak had been confirmed in feedlots in Limpopo earlier this week.Uncertainty about the FMD outbreak in Limpopo added downward pressure to the weaner calf prices this week. The demand for beef has been quiet for months. The market hopes that Black Friday and the festive season will bring about increased domestic demand.
Mutton: This week, lamb and mutton prices traded mostly negative when compared to the previous week. The national average Class A carcass lamb prices decreased by 2.3% to R63.84/kg and the average Class C carcass prices decreased by 2.7% to R47.08/kg. The average price for feeder lambs increased by 1.1% to R31.04/kg this week. The price for dorper skins declined by 10.3% to R19.44/skin and the price of merino skins remained unchanged at R42.86/skin this week. Compared to a year ago the price of dorper skins is 36.8% lower and the price of merino skins is 53.1% lower.
Pork: Locally, pork prices are supported by strong demand, because pork and poultry remain the relatively cheaper protein alternatives. The increased uptake seen in early November is expected to continue into the festive season in line with seasonality. It is expected that prices will be supported by increased consumer demand during the month-end period and Black Friday weekend.
Poultry: The average poultry prices remained unchanged during this past week. The average prices for frozen birds were R24.67/kg, the average prices for fresh whole birds were R27.95/kg and IQF poultry prices were R25.78/kg week on week. Supplies are low in the market this week. We are starting to see an uptick to the demand levels usually seen during this period for some products. We expect to see an uptick in prices next week as we draw closer to month end and during the Black Friday weekend.
Hides: The current average hide price is R1.64/skin, this is 2.2% higher than last week’s price of R1.61/skin. The current price is 5.9% lower than prices were a month ago and the current hide price is 60.5% lower than prices were a year ago. The hide market remains under immense pressure. Abundant supplies continue to weigh down the global and local market.
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