date:Apr 08, 2014
cattle prices and exports have surged to record levels, and Australian droughts have encouraged historically high slaughter levels to meet global demand.
Rabobank analysts noted that volatility is the biggest factor to impact the United States' market. Tight supplies of pork due to the spread of Porcine Epidemic Diarrhea virus could strengthen demand for beef during the spring and summer grilling seasons.
Slaughter levels of cattle are forecast to remain high in Australia, according to Rabob