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South African cattle farmers face weak beef prices after a drought, a stagnant economy and foot-and-mouth disease in Limpopo. Neighbouring countries including Zimbabwe, Botswana and Namibia have banned South African meat imports.
Maize output is forecast 16% lower than the previous season.
Export bans and weak domestic demand keep South African beef prices subdued, while higher feed costs squeeze farm margins. The effect on global feed and livestock prices is small.
agricultureportal.co.zaFarming PortalApr 6, 2019After 356 past disease events, Live Cattle moved a median +0.2% over 5 sessions (54% higher; middle half -0.8% to +1.1%), and +1.1% over 20.
After 266 past disease events, Feeder Cattle moved a median +0.5% over 5 sessions (59% higher; middle half -1.1% to +1.7%), and +1.7% over 20.
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.
