Other highlights include:

•    Beef prices were stable this week in the US supported by Father’s Day and good seasonal demand. The Father's Day and Fourth of July (Independence Day) holidays are a key sales period for beef.
•    Locally, week on week decreases in sheep slaughtering of 13.90% reported by RMMA may have added support to market prices.
•    African swine fever has been reported on South African farms in the Free State and North West. This is the first outbreak since 2012 and the source of the outbreak is unknown.
•    Poultry supplies remain in abundance and this is pressuring market prices.
•    Grains traded lower in the US as a result of weak outside markets, concerns with the global economy and the stronger US dollar.
•    The harvesting of wheat is progressing well as a result of favourable weather in the US.
•    The additional quantities of sunflower oil are too small to offset the bullish impacts of insufficient export supplies of soya oil and palm oil.

The latest version of the report can be downloaded here:

20160621 Absa Agri Trends 21 June 2016 final.pdf