Namibia: Livestock marketing is returning to normalcy

THERE was an upward movement in the marketing of livestock during February, proving that the restocking exercise is bearing fruit, says a report by Simonis Storm Securities issued on Tuesday. Cattle registered a 21,7% year-on-year increase, with sheep recording an 11,1% increase. Goats went up 53,7%, but pigs dropped by 5,5%. Quoting figures from the Meat Board, Simonis said year-to-date average auction prices increased from N$32,11/kg to N$34,05/kg, a rise of 6% for cattle, and a decrease from N$38,29/kg to N$35,54/kg (7,2%) for sheep. "They also dropped from N$40,71/kg to N$38,50/kg (5,4%) for goats and went down from N$37,88/kg to N$35,72/kg for pigs, compared to the same period last year," said Simonis. Live cattle exports increased by 30,1% year on year (y/y), sheep rose by 46,3% y/y, and pigs by 68,4% y/y in February 2022. According to the Meat Board, 65% of processed beef exports went to Europe (mainly Norway and the United Kingdom), 22% to the rest of Africa (mainly South ...