Beef market gets a reset as China quota reached
Cattle prices at near record prices right up until late July may see further short-term easing before China comes back on track The triggering of a range of trade restrictions – primarily from China – is beginning to reshape beef flows around the world, according to a just-released report. The specialist agribusiness bank, Rabobank, outlines […]
Cattle producers buoyed by continued global beef trade growth
Global beef trade is poised for growth over the next five years with demand from Asia as China becomes the top importer It’s no longer just a coincidence that for the past 20 years beef cattle producers have been going about their business with more confidence than any other farming sector. And that trend looks […]
Beef exports are at record-breaking levels and rising
Beef producers are flat out keeping up with the high demand for Aussie beef with many world markets clambering for our product A combination of stronger global beef markets, favourable seasonal conditions in key beef-producing regions and higher local cattle inventory is supporting record-breaking production volumes, according to a research report by agribusiness banking specialist […]
Cattle market is in balance with price upside potential ahead
With the Bureau declaring El Niño is over it’s expected beef prices will be relatively stable in 2024 trading in a band between 600 to 750c/kg cwt The cattle market is sitting in a “state of balance” – with improved beef production waiting on an increase in demand – while an upside in prices is […]
Record global beef prices driven by increased demand and reduced supply
The global beef market is being described as “very tight” with Chinese demand steady and the giant American food service industry awaking from its slumber