Beef cattle on a Chatham-Kent farm. (File photo by Simon Crouch) Beef cattle on a Chatham-Kent farm. (File photo by Simon Crouch)
Sarnia

Report Predicts Tight Global Beef Supply For 2016

Rabobank says tight supply will support global beef prices in 2016.

The bank's Global Beef Quarterly Report suggests Australia, Brazil, India and the U-S are the main exporters to watch in the coming year.

It says the supply of cattle and beef in those countries should be watched in particular to see how they respond to rebuilding pressures at different points in the cycle.

Analyst Angus Gidley-Baird suggests China will continue to play a critical role in the global beef market, despite a slowing economy.

Gidley-Baird feels China will continue to offer sustainable beef market opportunities for the rest of the world.

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New military crosswalk rendering. (Image courtesy of the Sarnia Legion Branch 62)

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