Grade A carcass beef prices decreased by 25% since the beginning of 2023 and weaner calf prices by 13%.
The main reason for the decrease in prices in spite of the primary sectors still being in a herd-building phase and the negative impact of foot-and-mouth disease on some feedlots, is the weaker consumer demand caused by higher inflation, the highest interest rate in years and the impact of load-shedding on the value-chain and on