n Red Meat / Rooivleis - Red meat market analysis - Absa Agri

Volume 7, Issue 3
  • ISSN : 2078-7936


The world grain market has been oversupplied for years now and, after the release of the US Department of Agriculture (USDA) World Agricultural Supply and Demand Estimates (WASDE) report on 12 April 2016, it almost feels that there will be no end to this glut. The report presented a bearish view across all global grain and oilseed commodity prices due to large worldwide supplies. Stocks and production are sitting comfortably high across all commodities. The higher grain production and lower prices will translate into cheaper feed costs, which bodes well for the livestock sector in terms of expansion in production, especially on the intensive side.

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