Reduction in global beef supply anticipated in 2025

Rabobank estimates that 500,000 tonnes of supply will decline compared to last year, the equivalent of 1%. Leading the production declines are Brazil and the United States, but reductions are also anticipated in China, Europe and New Zealand. Australia may be the only top-10-beef-producing country to post year-over-year gains in 2025. While North American cattle prices have been high for nearly two years as a result of the lower cattle numbers and strong consumer demand, other regions have experienced low cattle prices. This trend has started to change as global beef declines start to firm up support for cattle prices in South America, Australia and New Zealand. As the top global beef markets alter their available supply, Rabobank said to expect beef trade to “dramatically” shift. According to Angus Gidley-Baird, senior animal protein analyst for RaboResearch, Australian beef producers will increasingly depend on exports to absorb stronger domestic production, while Brazil will ...