Global economic slowdown to hit beef demand

Published 2022년 12월 14일

Tridge summary

Rabobank predicts that global beef production will remain stable with a slight growth of 1.4% and strengthen in trade due to the strong dollar. However, the global beef industry could face a contraction due to an economic slowdown. The demand for beef remains stable despite macroeconomic pressures. The United States and European Union are expected to see a decline in beef production, while Brazil, China, and Australia are expected to see an increase. The US may need to import more beef as its domestic production declines.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

World beef production will remain stable at the end of this year and the beginning of the next, although with variations for the key markets in the southern and northern hemispheres. This was pointed out by Rabobank analysts who anticipated that total production will grow by 1.4% and trade will strengthen thanks to the strength of the dollar. However, and according to bank estimates for the end of this year, the global beef industry could be negatively affected by the economic slowdown, resulting in a contraction in demand. Despite this perspective, his analysis indicates that the bovine market remains stable, even in the face of macroeconomic pressures that affect production costs, such as inflation, as stated in a note by the portal ganaderia.com Derived from seasonal conditions , the demand for animals reflects a positive trend, with which the prices per head continue at favorable levels, achieving a balance with the international supply. (Read: Beef production trends in ...
Source: MXContexto

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