Global beef markets: Lower demand in most regions and diverging prices to affect exports

Rabobank

Beef markets around the world – other than the United States – are seeing softer consumer demand, with global cattle prices now split softer consumer demand and “full supply chains”.

In a number of regions, particularly in Asian countries, beef purchases made through 2022 and into 2023 in anticipation of recovery from Covid fall to their lowest levels in fve years through July. But with some rain through cattle-producing areas in July, stability returned to the market,”

Mr Gidley-Baird said.

Weekly national cow slaughter is seeing stronger volumes exported to the US – up 103 per cent for July.

“Australian live cattle exports are down 17 per cent for the year to date (July), but we see this