# High beef prices expected to hold - NZ Herald

> 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.

- Date: 2021-12-12 · published 2021-12-12T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/43551-high-beef-prices-expected-to-hold-nz-herald
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Tighter global beef supply and firm import demand support cattle prices. Feed buyers should expect beef-related demand to stay firm into 2022.

## Read by commodity

- LCATTLE: bullish ▲

## Sources

- nzherald.co.nz: https://www.nzherald.co.nz/the-country/news/high-beef-prices-expected-to-hold/JY6C2YIYZWFYRP6XTJTJVSB6XA/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.