Rabobank: Global beef quarterly Q2 2024


Cattle market prices continue to move along at two speeds, with North American markets tracking close to record highs while other markets remain more subdued.

Posted on Jun 20 ,00:10

Rabobank: Global beef quarterly Q2 2024

Changes in production and prices in different regions are starting to shift trade flows, with the US increasing import volumes while imports in major Asian markets remain relatively flat. Rabobank’s forecast for selected major beef producing countries shows Q2 global production is only just higher than in Q2 2023, but projected volumes in Q3 and Q4 2024 are expected to be down year-on-year.

We continue to monitor animal disease risks – such as avian influenza – in different locations due to their potential impact on global beef.

Climate and greenhouse gas (GHG) emissions remain at the forefront of sustainability discussions globally as reduction goals approach their deadlines and companies seek mitigation pathways. Thus far, the market has driven most climate-related disclosures in food and agribusiness (F&A) supply chains. We believe companies, governments, and industry will continue to prioritize GHG emissions accounting, although the specifics of some disclosure mandates will be challenged or adjusted. Increased regulatory action on climate has resulted in tensions between governments, producers, and corporates (e.g., farmer protests in the EU, legislative uncertainty regarding the US SEC ruling, and companies adjusting their ESG targets). This will most likely result in more focus and pragmatism on the core sustainability goals rather than slowing climate action and introducing reputational risk.

 NEWSLETTER - Stay informed with the latest news!


Similar articles


Topigs Norsvin and Muyuan Foods start a nucleus farm in China

The new high-health nucleus farm will have a capacity of 1200 sows and will house both maternal a...

Read more Read more

US invests $110 million in meat and poultry processing

U.S. Department of Agriculture (USDA) Secretary Tom Vilsack announced that the Biden-Harris Admin...

Read more Read more

Better prices moderate sentiment in Australian sheepmeat sector according to survey

However, sentiment has improved in the among sheep producers since the last survey in October 202...

Read more Read more
Websolutions by Angular Software and SpiderClass