date:Dec 20, 2012
mption on the back of the still sluggish economy, as world GDP is expected to grow only slightly in 2013.
The scenario is worse where production is set to decrease, such as North America and Europe, which poses additional pressure for beef companies located in these regions to pass on rising cattle prices to consumers. Additionally, as such countries rely on grains to feed their animals, they are likely to see a reduction in their competitiveness in the international market.
A bullish factor