Like the saying, the devil may lay in the details, especially when it comes to the state of the beef industry. That’s what can be gleaned from RaboBank’s fourth quarter beef report.
RaboBank reports cattle prices are generally favorable across the country, but consumer confidence is falling and that could signal problems for the beef industry. The big question is whether beef prices will be impacted by supply- side pressure or the demand-side.
Globally, beef production is split by the hemisphere. Northern countries are in a declining…
