Cattle numbers provide basis for beef production to rise in the second half of 2022
Consumer demand is expected to remain firm, while restocker demand is strong but overall cattle prices could marginally ease in second term of 2022 Local beef production is forecast to increase by 4.5% during 2022 according to Meat and Livestock Australia (MLA), as reported in the Rural Bank’s Australian agriculture mid-year outlook. This result is […]
Global beef demand will depend on how much consumers will pay
As beef producers are challenged with higher costs the profit margin could dip if consumers baulk at paying even higher prices moving forward Global beef markets remain tight on strong ongoing consumer demand and constrained supply however headwinds are building that could see producers’ margins topple, according to a newly released report. Up until now, […]