Rabobank predicts record beef prices
Production cuts, increased feed prices responsible
Rabobank released a report predicting record prices for US beef in 2013. After 2012’s increase in global supply due to the natural recovery of herd in Brazil, Argentina and Australia combined with a lethargic global economy that depressed prices, Rabobank predicts an upturn in prices driven by production cuts and increased feed prices. Controlled supply growth in the pork and poultry sectors should also increase beef prices. Request the report from Rabobank.com.