According to a new report from Rabobank, most beef markets are seeing softer consumer demand. Global cattle prices have split into two distinct groups: those in North America and Europe and those in the rest of the world. In the U.S., declining supply and strong consumer demand are driving cattle prices higher, while in most other regions, the opposite is making prices to soften.
In the report, Rabobank suggests that diverging prices will affect beef exports. Compared to 12 months ago, U.S. cattle prices have increased almost 30%, whereas Australian cattle prices have dropped by more than…
