US beef production drop will test global markets
The global beef industry is showing signs of stability, but some less-obvious signs of volatility are looming and could have a negative impact in the coming year, according to Rabobank’s November 2022 Global Beef Quarterly report. Location matters for many key indicators, including expected production levels heading into 2023. Beef-producing countries in the northern hemisphere are reportedly beginning a production decline, with countries in the south trending in the opposite direction.
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