Slaughter drops more than expected
Published: 30th Mar 2017
Johannesburg, SA – The reduction in cattle slaughter seems to be more than the 8% I predicted in January.
For February and March the reduction was 20%.
My forecast for April is to be down by 13% and I would think that May will also be down by the same percentage.
From June onwards I would think that the situation would return to about 5% down for the remainder of this year because of consumer resistance to the high price of beef. – [+27 (0)11 995 5000, arnoldp@karanbeef.com]
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