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Rabobank expects high beef prices to persist as global cattle supplies tighten. US beef production is shrinking from drought, with beef cow numbers forecast down 2.5% next year.
Strong import demand from China, Japan, and South Korea is expected to lift shipments from Brazil and New Zealand.
Tighter global beef supply and firm import demand support cattle prices. Feed buyers should expect beef-related demand to stay firm into 2022.
nzherald.co.nzTim CronshawDec 12, 2021Not 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.
