According to a new report from Rabobank, global beef supplies will remain balanced over the next 12 months. Meanwhile, North American cattle prices climb to historic highs. Looking forward, the Argentine elections, scheduled for October, will be a key factor to watch.
Increased production in Brazil and Australia will offset declines in the US. With production expanding, both Brazil and Australia are relying on an increase in export volumes as domestic consumption remains static or in decline. China was considered a growth opportunity as the country emerged from Covid-19 lockdowns in late…
