Chapter 3 – Livestock market dynamics
After a prolonged period of stagnation, beef carcass prices started to recover in the second quarter of 2025, supported by improving household incomes. The recovery was accelerated by the rapid spread of foot-and-mouth disease, which tightened supply and triggered a sharp price surge. It is expected that this momentum will continue and be reinforced by the seasonal upswing in demand heading into the festive season. Prices are unlikely to return to 2024 levels in the near term.
Overview of beef carcass prices since 2024
Figure 3
Source: Absa AgriBusiness, 2025
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