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Report: U.S. beef, the global driver

A new report says the U.S. continues to “be the driver in the global beef market” with “constrained supply and strong demand keeping prices high.”  Rabobank’s report says there’s a continued tight global supply of cattle and beef in the fourth quarter of 2014.

The report says the recent strengthening in the U.S. economy and dollar will support continued imports to the U.S. – but the dip in oil price and depreciation of the Russan ruble are being closely watched because Russia is the world’s largest beef importer. Renewed price strength in the first quarter of 2015 is projected as cattle supplies will still be tight.

Rabobank Report