Trends in the producer price of weaners and beef
During the week of 18 June, the average auction price was R38,03/kg for weaners (200 –250kg) and R35,75/kg after auction commission, according to AMT.
The price was 1,5% higher compared to the previous week. The increase was caused among others by a higher demand compared to supply.
Compared to a month ago, the price declined in total by 2,0% and was 24,9% higher year-on-year.
Compared to the long-term trend, the chance is 55,0% for a lower average weaner price in June compared to May, which is based on prices over the past 20 years and 85,0% for a higher price in July 2021 compared to June.
The average producer price of Class A2/A3 beef was in total 0,2% lower in the week of 11 June 2021 compared to the previous week. The decline among others was caused by a lower demand after the end month week.
The price was 1,5% higher against the previous month and 22,3% higher year-on-year.
Based on long term trends, the chance is 79,0% for a lower average price in June compared to May, which is based on prices over the past 20 years and also 65,0% for a higher price in July 2021 compared to June.
In the week of 11 June 2021, the average price of the C2/C3’s was in total 0,9% higher against the previous week, 1,6% higher against a month ago and 18,6% higher year-on-year.