Australian Cattle Liquidation Cannot Continue

AUSTRALIA – Australian cattle liquidation cannot continue and beef supplies will be tight without short term expansion, say agribusiness analysts at Rabobank.
calendar icon 31 March 2015
clock icon 1 minute read

Tight beef supplies in the first quarter of the year remain despite Australian exports being high due to ongoing drought conditions, explained animal protein analyst Angus Gidley-Baird.

Drought induced slaughtering “offset” the tight supplies last year and has continued to do so this year.

In its quarterly report, Rabobank said: “Without any global beef expansion forecast in the short term, global supplies are expected to remain tight.

“U.S. prices experienced a high degree of volatility in the early part of 2015 as a result of many factors.

“A slowing economy and lower pork and poultry prices are leading to a weak demand for beef and Chinese retail beef prices have been stable entering 2015 rather than following their normal upward trend.”

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