That’s the good news behind the warning: North American demand for beef is holding steady despite rising retail prices. No matter where you live in North America, if you love beef, you’re going to buy it even if the price makes you tear up.
North American beef volumes are on the rise while many competing markets, including Australia, Argentina and Brazil, are declining. No one likes a boom, but the fact that retail demand remains stable while drought-hit cattle herds are shrinking raises serious questions about the long-term supply side of the beef market.
To dig deeper into trade flows, beef prices and changes in cattle herd numbers (with stabilization being the new expansion point), RealAg Radio host Sean Haney sits down with Rabobank’s Lance Zimmerman to discuss Rabobank’s latest initiatives. Quarterly Beef Supply Report.
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