DOMESTIC CARCASS PRICE STATISTICS
SOUTH AFRICAN PORK INDUSTRY REPORT
March 2021 - Week 10
In this report
The Average Purchasing Price (excl. sows) reached R29.36/kg (in nominal terms) during Week 10 of 2021, down 0.6% from Week 9.
The SAFEX Yellow Maize (R/kg) reached R3 400/ton this week, causing the Purchasing Price to SAFEX Yellow Maize ratio to reach a level of 8.6.
The quantity of animals sampled during this week amounted to 32 311 pigs.
www.worldofpork.com www.sappo.org
/ SAPPO Carcass Price Report South African Domestic Carcass Prices March 2021 - Week 10 R29.36 32 311 Average PURCHASE Price (excl. Sows) (R/kg) QUANTITY of Animals Sampled
Important Note Categories: Class: The Sow Category is excluded from the weighted average price * Porkers (20-55.99 kg) Each category are calculation, since the Sow Category are not classified into P,O,R,C,U,S * Cutters (56-64.99 kg) classified according to classes. * Baconers (65-79.99 kg) classes i.e. P,O,R,C,U,S, Where the average mass of a category falls outside the specified * Heavy Baconers (80-99.99 kg) with the exception of industry ranges, prices will be excluded for the purposes of this * Sows/Sausage Pigs (>100 kg) Sows. report.
Weekly Average Abattoir PURCHASE Price by Grouped Categories vs Sows (R/kg)
Porkers, Cutters, Baconers, Heavy Baconers (excl. Sows) Sows (100-200 kg)
R31.31 R29.94 R29.36 R28.12 R28.33 R30 R27.07 R26.36 R26.97 R26.55
R26.35 R25.81 R23.44 R21.81 R21.90 R24.83 R20.49 R21.21 R21.94 R20 R20.44 R16.69 R19.57 R18.36 R16.62 R14.79 R13.98 R14.61
R10 2017 2018 2019 2020 2021
Monthly Average Abattoir PURCHASE Price (excl. Sows) (R/kg) (Nominal)
2018 2019 2020 2021
R30.58 R30.36 R29.70 R29.81 R30 R28.32 R29.45 R26.72 R26.09 R24.48 R24.40 R25 R22.77 R22.75 R21.31 R20.84
R20 R19.82
April May June July March August January February October September November December
Page 1 / SAPPO Carcass Price Report South African Domestic Carcass Prices March 2021 - Week 10
Weekly Average Abattoir PURCHASE Price (excl. Sows) (R/kg) (Nominal vs Real, Dec 2016=100)
Nominal Purchase Price Real Purchase Price
R29.94 R31.31 R29.36 R28.66 R30 R28.12 R28.33 R26.97 R25.97 R26.36
R25.90 R23.83 R24.00 R25 R25.08 R23.43
R20.66 R21.95 R21.38 R20 R20.44 R19.57 R18.36 R18.30 R17.18 R17.08 R15 2017 2018 2019 2020 2021
Average Abattoir PURCHASE Price (excl. Sows) to SAFEX Yellow Maize Price RATIO
Purchasing Price to Yellow Maize Ratio SAFEX Yellow Maize (R/kg)
3.8 3.7 15.5 3.4
13.5 12.2 13.1 3.0 3.0 2.9 2.8 3.1 10.5 10.4 2.5 10.1 10.1 9.8 2.5 2.5 8.9 2.4 2.4 2.5 8.6 1.9 8.9 8.4 2.0 8.3 6.7 7.8 1.9 7.5
Jan 2018 Jul 2018 Jan 2019 Jul 2019 Jan 2020 Jul 2020 Jan 2021 Profitability Indicator: Purchasing Price to Yellow Maize Ratio = Average Abattoir Purchasing Price (R/kg) / SAFEX Yellow Maize Price (R/kg). The higher the SAFEX Yellow Maize Price in relation to the Purchasing Price, the lower the Profitability Ratio, indicating lower profitability to the producer.
Latest Monthly SLAUGHTERS (Number of Animals)
311 643 295 993 292 490 300K
269 687 260 730 261 914 253 446 250K 247 964 243 684 226 049 234 833 228 575 207 411 213 253 211 080 209 827 208 663 200K 2014 2015 2016 2017 2018 2019 2020 2021
Page 2 / SAPPO Carcass Price Report International & Domestic Carcass Prices March 2021 - Week 10
Average INTERNATIONAL vs DOMESTIC Carcass Prices (R/kg)
Denmark Germany Poland South Africa USA - Iowa/Minnesota R40
R30
R20
R10 Oct 2019 Jan 2020 Apr 2020 Jul 2020 Oct 2020 Jan 2021
International prices are based on various weighted average price calculations per classification and/or class, market and country and serves as an indication of international prices converted into a Rand/kg price.
Average Abattoir PURCHASE Price per Category (R/kg) (Nominal)
2018 2019 2020 2021
R30 R32.76 R30.75 R30.02 R29.66 R26.68
R26.49 R20 R26.04 R25.89 R25.30 R25.18 R25.08 R24.90 R24.24 R24.22 R24.03 R23.65 R22.92 R18.63 R18.54
R17.26 R10
R0 Porker (20-55.99 kg) Cutter (56-64.99 kg) Baconer (65-79.99 kg) Heavy Baconer Sows (100-200 kg) (80-99.99 kg)
Average Abattoir PURCHASE Price per Class (R/kg) (Nominal)
2018 2019 2020 2021
R30 R30.20 R29.95 R29.46 R28.50
R25.97 R20 R24.87 R24.86 R24.81 R24.33 R24.31 R24.18 R23.71 R23.43 R23.38 R22.93 R22.78 R22.47 R21.21 R21.20 R21.12 R21.07 R20.79 R20.50 R20.06
R10
R0 P O R C U S
Page 3 / SAPPO Carcass Price Report South African Domestic Carcass Prices March 2021 - Week 10
PRICE: Ave Price per Category (R/kg) PRICE: Ave Price per Class (R/kg) (All Categories Inclusive)
Porker (20-55.99 kg) R30.72 P R29.36
O R29.45 Cutter (56-64.99 kg) R29.91 R R28.95 Baconer (65-79.99 kg) R29.41 C R25.36 Heavy Baconer (80-99.99 kg) R29.11 U R23.83
Sows (100-200 kg) R23.44 S R28.15
R0 R20 R40 R0 R10 R20 R30
PRICE: Ave Porker Price (R/kg) PRICE: Ave Porker Price per Class (R/kg)
P R30.83
O R30.61
R R27.73 Porker (20-55.99 kg) R30.72 C R23.58
U R25.92
S R28.50
R0 R20 R0 R10 R20 R30
PRICE: Ave Cutter Price (R/kg) PRICE: Ave Cutter Price per Class (R/kg)
P R29.93
O R29.96
R R28.09 Cutter (56-64.99 kg) R29.91 C R22.00
U
S
R0 R20 R0 R10 R20 R30
Page 4 / SAPPO Carcass Price Report South African Domestic Carcass Prices March 2021 - Week 10
PRICE: Ave Baconer Price (R/kg) PRICE: Ave Baconer Price per Class (R/kg)
P R29.35
O R29.59
R R28.92 Baconer (65-79.99 kg) R29.41 C R26.64
U R23.00
S
R0 R20 R0 R10 R20 R30
PRICE: Ave Heavy Baconer Price (R/kg) PRICE: Ave Heavy Baconer Price per Class (R/kg)
P R28.88
O R29.34
R R29.02 Heavy Baconer (80-99.99 kg) R29.11 C R25.25
U R22.77
S R28.15
R0 R20 R0 R10 R20 R30
PRICE: Ave Sow Price (R/kg)
Sows (100-200 kg) R23.44
R0 R10 R20
Page 5 / SAPPO Carcass Price Report South African Domestic Carcass Prices March 2021 - Week 10
QUANTITY: Number of Animals Sampled (All Categories Inclusive) 40K 35 198 31 780 32 311 29 410 27 973 30K 26 238
20K
14 771 12 416 10K 9 359 9 311
2017 2018 2019 2020 2021
QUANTITY: Animals per Category QUANTITY: Animals per Class (All Categories Inclusive)
Porker (20-55.99 kg) 2 159 P 18 746
O 10 842 Cutter (56-64.99 kg) 2 129 R 1 052 Baconer (65-79.99 kg) 14 193 C 75 Heavy Baconer (80-99.99 kg) 12 287 U 12
Sows (100-200 kg) 1 543 S 41
0 10 000 0 5 000 10 000 15 000 20 000
MASS: Ave Weight per Category (kg) MASS: Ave Weight per Class (kg) (All Categories Inclusive)
Porker (20-55.99 kg) 51.30 P 76.19
O 82.97 Cutter (56-64.99 kg) 62.59 R 84.80 Baconer (65-79.99 kg) 76.16 C 82.63 Heavy Baconer (80-99.99… 86.99 U 71.17
Sows (100-200 kg) 125.63 S 98.28
0 100 0 50 100
Page 6 / SAPPO Carcass Price Report More Information
Important Notes:
Domestic Carcass Prices are weighted averaged Abattoir Purchase Prices per category and/or class.
Purchase Prices are the chilled carcass mass, including the fifth quarter as paid to feedlots or farmers. The Carcass Purchase Price excludes Value Added Tax (VAT), transportation and commission.
Weighted Average Abattoir Purchase Price takes the number (units) and average weights of the animals into consideration.
Nominal Carcass Prices = Abattoir Purchasing Prices that is not adjusted for inflation.
Consumer Price Index (CPI) indicate the percentage change in prices levels compared to a base year (i.e. Dec 2016=100) i.e. inflation.
Real Carcass Price = Nominal Carcass Price / Consumer Price Index
Profitability Price to Yellow Maize Ratio = Average Abattoir Purchasing Price (R/kg) / SAFEX Yellow Maize Price (R/kg). Due to feed being such a significant cost component, the higher the SAFEX Yellow Maize Price in relation to the Purchasing Price, the lower the Profitability Ratio, indicating lower profitability. The opposite holds true for a decrease in the SAFEX Yellow Maize Price.
International prices are based on various weighted average price calculations per classification and/or class, market and country and serves as an indication of international prices converted into a Rand/kg price. Denmark's price quotations are weighted average per warm kg of slaughtered (settlement) weight which is converted into cold slaughtered weight, excluding edible offal. Germany's final price is based on the muscle-to-bacon ratio, slaughter weight and meat percentage. The USA - Iowa/Minnesota price is a purchase matrix based on both fat and muscle measurements for a 200 lb carcass base. South Africa's carcass prices are a weighted averaged abattoir purchasing price calculated per category and class.
For more information:
Register for free on the World of Pork at: www.worldofpork.com
Please send any queries to: [email protected]
Data is sourced from the Red Meat Abattoir Association (RMAA), Pig333.com, Statistics South Africa (Stats SA), Grain South Africa (Grain SA), and the Red Meat Levy Administrators (RMLA).
© 2021. Published by the South African Pork Producers’ Organisation (SAPPO).
Disclaimer: The information provided by SAPPO is for general informational purposes. All information in this document is provided in good faith, however we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability or completeness of any information contained in this document for any purpose.
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