Livestock exports dominate cattle marketing

Livestock exports continue to dominate the cattle market share, with 67% of cattle marketed during the month of November being exported. Only 3% of cattle marketed last month were slaughtered at local butchers, and 30% of cattle were slaughtered at export-approved abattoirs.This according to the Meat Board of Namibia’s Beef Market Watch issued this month. Cattle marketing has declined by 9.12%, it said. “This is mostly due to the decline in live exports between mid-August and October.”The Meat Board further pointed out that November recorded a 17.61% decline in live exports of cattle, with only 12 908 heads of cattle exported compared to October. Meanwhile, the number of cattle slaughtered at export-approved abattoirs saw an increase of 4.22%. PricesAccording to the Meat Board, the average carcass price at export abattoirs remained on an upward trend, and increased by 10 cents from last month’s price of N$60.53/kg. “Weaner prices have increased due to higher demands as feedlots prepared for December,” it said. The board added that weaner prices increased by N$0.98 from October and are expected to increase throughout December and January 2023. “The November price of N$38.43/kg is a 4.24% increase from the dip experienced in August due to an over-supply of weaners as a result of the restriction of South African exports; and a 7.6% increase from the price of the previous year.”Further, South African Futures Exchange (Safex) feed prices continue to rise due to the ongoing Russia-Ukraine war and dependence on imported raw materials.The Meat Board added that Namibia exports the majority of its weaners to South African feedlots due to the incapability to raise slaughter-ready animals due to the operational costs involved.Change in markets“Feed prices are expected to decline during 2023 and will fluctuate around N$5 000 per tonne according to the futures markets.”November saw a change in international markets, with the American beef price surpassing the Australian price by N$1.57/kg, it said.According to the Meat Board, the top four beef export destinations for the year were the European Union, South Africa, Norway and China, holding a market share of 42.87%, 21.97%, 13.44% and 13.19% respectively.Norway continued to dominate with the average price received between January and October being N$213.39/kg. The lowest prices received for beef exports among the top four destinations was China, receiving N$39.90/kg on average for the year.

Livestock exports dominate cattle marketing

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