US and Brazil beef tsunamis threaten
TWO potential tsunamis in the form of backed up finished cattle in the United States and the possibility of Brazil heading down a similar path are lingering in the background as the impact of the pandemic on the global beef sector is weighed up.
Revised-down global production forecasts and slowing beef demand as economies decline are emerging as key impacts but how things play out in those two big cattle-producing nations could turn all projections upside down.
(Monday, 1 June 2020 - The Land)
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