Cattle prices rise as Christmas comes close
At a cattle market in Gomba on Friday, November 19, 2021, the price of an average weight live cattle for slaughter (120-150kg) ranged from sh1m to sh1.2m. This was up from an average sh1m in early November. This was almost the same price in most cattle markets in Lyantonde, Mubende, Kyankwanzi, Nakasongola and most areas of western Uganda.
“The number of traders buying cattle has increased compared to the last few weeks, however, we expect more traders to come in at the beginning December because traders will be stocking for the Christmas season,” Abbey Ssendyowa, one of the traders says. But even if more traders go to the livestock markets, farmers do not expect a big increase in prices of live cattle.
“During most of the festive seasons, price additions on live cattle grow by between sh50,000 and sh100,000. It is always a ‘token’ price rise that gives little benefit to the farmers,” Ssendyowa says.
However, this is not the case with the end-user markets. In Kampala, in 2020, a kilogramme of meat rose by between sh2,000-sh3,000 on December 23-25. Meat went for as much as sh15,000 to sh16,000 up from sh12,000 to sh13,000. Traders at most markets expect the same scenario this year.
At the main cattle markets in Kampala, anticipation for the Christmas season is already high.
“I normally stock my cattle two to three weeks before the festive season in order to avoid the hassle. I will stock in the first week of December,” John Kagame, a cattle dealer, says.