Global economic slowdown to hit beef demand

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 ...