Rabobank released their third quarter outlook for 2022. The global beef market remains strong. However, that could fall depending on consumers pocketbooks in the remainder of the year.
Most beef retail prices continued their upward trend in the second quarter or remained steady. Although quarter two prices did not rise much above the first quarter, most are sitting between 5 percent and 11 percent higher than the second quarter of 2021. The United Kingdom is a notable exception with negative growth both month-on-month and year-on-year for the quarter, as consumers respond to high…
