Rabobank forecasts a reduction in global beef production despite stable livestock prices

Published Jun 12, 2024

Tridge summary

Rabobank forecasts a decrease in beef production in major countries like Europe and the United States, while Australia and Brazil are expected to see an increase. China's production is predicted to rise and fall later in the year. The global livestock market is experiencing different pace sin different regions, with the United States importing more and Asian markets remaining stable. The report also discusses concerns such as the transmission of H5N1 avian influenza to dairy cattle, Brazil's declaration of foot-and-mouth disease-free status, and the potential impact of avian influenza on the poultry industry and beef prices. Additionally, it touches on the growing focus on climate change within the beef industry and the need for companies to disclose supply chain emissions.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Rabobank forecasts a drop in beef production volumes from major producers. Europe and the United States will experience significant contractions, overshadowing expected production increases in Australia and Brazil. China is expected to see an increase in production in the second quarter, followed by a reduction later. Angus Gidley-Baird, senior animal protein analyst at Rabobank, points out that the global livestock market is currently moving at two different paces. “North American markets are near record levels amid contracting local production, while other regions are experiencing more moderate prices,” Gidley-Baird said. Europe is somewhere in the middle despite the recent increase in production. These regional disparities are influencing the international market with the United States increasing its import volumes and the main Asian markets maintaining stable import levels. The report also addresses concerns about animal health, highlighting the recent transmission of H5N1 ...
Source: Agromeat
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