Rabobank estimates decline in global beef production

World beef production this year will decrease by one percent from last year. This was reported in the quarterly report “Global Beef” from analysts at Rabobank. They expect a similar trend next year. At the same time, it is clarified that we are talking specifically about the markets that the organization monitors. In this case, these are, in particular, the USA, Canada, the European Union, the countries of Latin America and the Middle East, as well as Australia, New Zealand and other states of the so-called Southern Hemisphere. The organization's experts compared the global beef market with history in two parts. They explained that we are talking about two opposing trends on it. One of them is high consumer demand in developed countries of North America and Europe, and the other, on the contrary, is weak demand in Asia against the background of serious reserves. The first factor causes a reduction in the supply of cattle and beef and a shortage of products in the American and ...