China's appetite for beef is expected to increase the second half of 2023.
Original content
A first-quarter global beef report for 2023 from RaboResearch Food & Agribusiness shows continued shrinking of feeder supplies -- but with different countries at different points in the cycle. The report is published by the Global Animal Protein Sector team with lead author Angus Gidley-Baird. China remains a focal point for beef demand, with Rabo's analysts anticipating the country's appetite for it will increase in the second half of this year. In the U.S., the report notes that beef cow inventory is at its lowest point since 1962, and feedyard inventories are showing decline. This drop is going to cause a "redistribution of global beef supplies and an overall tightening in the market" the analysts stressed. Some key things to watch globally that the report's authors believe will affect beef markets moving forward include: -- United States. Feeder cattle and calf supplies reflect a four-year decline, with beef cow numbers 1 million head below levels a year ago. This is the ...
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