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Weekly South African beef prices were mixed, with the Class A price up 1.7% and Class C down 0.2%. Demand for weaner calves is weak because of the foot-and-mouth disease outbreak.
International beef prices traded mostly lower on the week.
Weak local demand and FMD-related uncertainty are pressuring South African cattle prices. Export demand from China is expected to stay firm into 2020.
farmingportal.co.zaFarming PortalDec 7, 2019Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
