The production of weaner cattle are a lucrative business. This is due to excellent weaner calf prices brought about by a depleted national herd, recovery in rainfall, low maize prices and supportive retail carcass prices. Slaughter house should do excellent in the nearby future. Producers compete with feedlots and offer carcasses at a discount to slaughterhouses. However, beef producers need to take care that they take account of their total feedlot costs and not to price their beef carcasses too cheap. In the long run, it may have a detrimental impact on the profitability of the domestic beef industry. The export market is important but more so it is important to maintain a strong off takers in the domestic market.
The 2nd estimate for the 2017/18 production year indicates a cotton crop of 195 530 lint bales for the RSA, an increase of 152% over the previous season and 3% higher from last month’s estimate. Renewed interest in cotton production and favourable prices are reasons the industry deem to have supported the production growth.
Published on Thursday, 22nd March 2018 - 08:26
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