China and the US are key players in the global beef trade

On the Chinese side, an increase in the demand for meat is expected, after the restrictions due to Covid-19 are lifted, while in the case of the United States, the fear is due to the lower supply. China will remain the key player in this market depending on how its demand, which is expected to rise in the second half of the year, bolsters global beef prices, according to the bank's report. meanwhile the contraction of US production is another focal point. “Beef cow counts have fallen to the lowest point since 1962, and feed inventories are showing a decline,” said Angus Gidley-Baird, a senior animal protein analyst at Rabobank. "This is expected to cause a redistribution of global beef supplies and a general contraction of the market." In addition, the supply of Brazilian beef is expected to be even higher this year, with China as the main export destination, although average import prices in 2023 are likely to fall due to increased volumes. Brazil reopened the Mozarlándia ...