According to Rabobank’s latest quarterly beef report, global beef supplies will remain balanced over the next 12 months as increased production in Brazil and Australia offsets declines in the United States.
With production expanding, both Brazil and Australia are relying on an increase in export volumes as domestic consumption remains static or in decline.
Cattle prices in North America are pushing into new record territories, the result of declining production volumes and firm demand. Meanwhile, other beef producing and exporting countries have declining or steady cattle…
