Beef supply tightens

STRONG BEEF demand in China and trade uncertainty, including the US-China trade war, Brexit and new Mercosur access to the EU, are the current themes dominating global beef, according to Rabobank’s latest Global Beef Quarterly.

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Supply is low and demand is high for Australian beef.

Rabobank senior animal protein analyst Angus Gidley-Baird said the beef supply position in the US remains solid, while supply in Australia and New Zealand is tight, but improving in Brazil.