The US – the world’s second-largest importer of beef after China – is likely to be looking for even more beef from global markets over the next three years, as its own domestic production declines, Rabobank says in a newly-released report.
And – while Australia is among the major global beef exporters that could help fill the gap – its own supply constraints mean it will be challenged to find additional export volumes.
Indeed, the report says, with production constraints in many of the world’s beef-producing nations, international markets will struggle to meet the gap left…
