Supply shortages and tariffs hit global beef trade

slightly in recent weeks, suggesting that the pace of market growth is slowing somewhat. At the same time, prices in the Southern Hemisphere continue to rise.” The decline in North American beef supplies, coupled with some improvement in the Chinese market, has resulted in increased demand from Southern Hemisphere beef suppliers. This demand is now being reflected in cattle prices. Beef production continued to decline during the second quarter, with total volumes in the first half of the year down 1% compared to 2024. According to the RaboResearch report, the most notable declines were seen in Europe (-5% year-on-year), New Zealand (-17% year-on-year), and the United States (-5% year-on-year). At the same time, Australia and China increased production in the first half of the year compared to last year. Overall, RaboResearch forecasts a 2% decline in global beef production by 2025. The report notes that U.S. tariffs are also affecting trade. The latest round of tariffs included an ...