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Rabobank's Q4 2021 outlook expects global beef markets to tighten in 2022 as US beef production contracts. It also projects US beef exports rising 2% to 4% despite strong domestic demand.
Covid restrictions and Brazil's suspended exports to China are flagged as ongoing risks.
A shrinking US beef supply with steady exports points to firmer cattle prices in 2022. Feed buyers should expect continued strength in fed cattle demand.
beefmagazine.comDec 1, 2021Not enough comparable past events yet for a historical read.
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.
