WITH the exception of the United States, beef markets around the world are seeing softer consumer demand, with global cattle prices now split into two distinct groups: those in North America and Europe, and those in the rest of the world, Rabobank suggests in its quarterly Global Beef Report issued today.
The report says declining supply and strong consumer demand in the US is driving cattle prices higher, while lower domestic beef supply has also held up prices in Canada and Europe.
In most other regions, increased supply and lower demand is making prices softer.
Rabobank senior animal…
