
RaboResearch's quarterly beef report finds global cattle markets trending higher in the first half of 2025, with European prices rising sharply as supply contracted. Bluetongue in Europe and the UK, along with screwworm in Mexico that closed the U.S. border to Mexican cattle, are constraining supply.
Trade flows are expected to hold unless a U.S. trade war with major partners develops.
Tight supplies in major cattle markets are likely to keep prices elevated, while trade-war risk is the main downside factor for beef and cattle demand.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.