It’s no secret the U.S. beef herd size has shrunk due to the drought in 2022 and beef prices are breaking records across the country.
But the U.S.A. is not alone. Brazil also achieved record export volumes and returns due to a growing Chinese demand.
The softening in consumer sentiment and weaker beef pricing in late 2022 has flowed through into early 2023. While beef supply settings are favorable for beef prices, consumer confidence will continue to be tested and have a bearing on beef returns. China will remain a focal…
