date:Dec 20, 2012
fset the recent spike in costs, with the placements of cattle on feed in the U.S. being cut.
In November, Rabobanks Global Cattle Price Index dropped 2% from Q3 levels. This was mainly driven by the decline realized in Brazil, Australia, Argentina, and Canada, which more than offset the rise seen in the U.S. and New Zealand.
The strengthening of the greenback against many currencies combined with weaker demand across many important countries has also contributed to the downtrend in global cat