Global beef production outlook revised downwards
As parts of the world cautiously ease out of lockdown and reassess COVID-19’s impact on the beef sector, Rabobank’s latest Beef Quarterly has revised down its global beef production outlook, and forecasts slowing beef demand in a declining economy.
However, the Q2 report said the Australian cattle market was more favourably placed, with limited supply and improved seasonal conditions continuing to dominate the local sector and maintain strong cattle prices.
(Friday, 29 May 2020 - Beef Central)
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