International decline in production drives up beef prices

게시됨 2024년 11월 29일

Tridge 요약

Global beef prices have surged in the last month, with carcass prices increasing in all regions except Australia, attributed to a shrinking market and a predicted reduction in the global beef supply due to a decline in the livestock population in major beef-producing countries like Brazil and the United States. The Rabobank report also highlights the impact of weather patterns on cattle farming. In the UK, a report by the AHDB forecasts a decrease in beef production by 2030, with a potential reduction in the livestock population leading to a 6.3% drop in slaughter supply.

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원본 콘텐츠

Anyone who follows global beef prices will have noticed the sharp price increase in the past month. With the exception of Australia, all carcass prices show a price increase. In Belgium, too, prices for cows rose sharply, towards 7 euros per kg slaughtered weight. A shrinking market is certainly an explanation for this. This is also evident from various recently published reports, including a report by Rabobank. This report points to the shrinking of the livestock population in the four largest beef-producing countries, which will result in a global reduction in the beef supply. Brazil (-5%) and the United States (-3%) will probably be the biggest decliners in beef production in 2025, but declines are also expected in China, Europe and New Zealand. Only in Australia is an increase possibly expected. Prices as a result of shrinkage In North America, cattle prices have been at a higher level than elsewhere in the world for more than two years. The smaller livestock population and ...

출처: Veeteelt