Weaker global beef production set to support prices in second half of 2024
Rabobank says more beef is expected to be produced in Australia and Brazil in the second half of this year, however these increases are likely to be outweighed by production contractions in Europe, the US and China.“Contractions in beef production in Europe and the US are expected to be too big for the increases forecast in Australia and Brazil to offset. And China’s production is set to increase in the second quarter before contracting later in the year,” report lead author, RaboResearch senior animal protein analyst Angus Gidley-Baird said.
https://www.beefcentral.com/news/weaker-global-beef-production-set-to-support-prices-in-second-half-of-2024/
Good news for AAC, page-170
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