The latest report from Red Meat Industry Services (RMIS), released this week, reveals troubling forecasts for South Africa's beef production, with estimates indicating a decline of 20 000 tons year-on-year, bringing total production down to 764 000 tons by 2025.
Despite this downturn, the report affirms that the country maintains a supply surplus, albeit amidst a backdrop of significant challenges within the industry.
RMIS notes the past five years have proven particularly challenging for both the beef and sheep sectors.
A combination of rising feed costs, erratic weather patterns, ongoing loadshedding, and global disruptions stemming from the COVID-19 pandemic have contributed to a perilous financial landscape for farmers, feedlots, and abattoirs. With profit margins squeezed, stakeholders have struggled against high input costs and weakened consumer demand. However, there is a…