According to a new Rabobank report, global beef markets continue to be split into two distinct parts, with high prices and contracting production in the U.S. and increasing production and low prices in the Southern Hemisphere.
“Opposing positions in cattle cycles, exaggerated by weather patterns, have caused a redistribution of beef trade that will continue in 2024,” explained Angus Gidley-Baird, senior analyst of animal protein at Rabobank.
The contractionary phase in the U.S., after prolonged herd liquidation, will see production levels decline. According to Gidley-Baird, this will…
