date:Dec 20, 2012
The final quarter of 2012 has seen the beef market characterized by slightly larger global supply, driven mainly by the natural recovery of herds in Brazil, Argentina, and Australia. According to a recent Rabobank report, this, combined with a relatively lethargic world economy, has weighed on prices across the globe.
Among the most important cattle exporting countries, prices in local currencies have risen only in the United States and New Zealand. These increases may not be high enough to of