An animal protein analyst is optimistic about the future of the cattle markets as global demand has been strong.
Don Close is with Rabo AgriFinance. “Global demand for beef is incredibly good. We’re looking at contracting supplies in North America. Very manageable supplies of cattle globally. As a result, I think the outlook not only for 2022 but for the next several years is very good.”
He tells Brownfield beef exports from Brazil have balanced out with recent BSE cases and Australia is building back their inventory at a slower pace than usual.