NEWS
Beef Industry Outlook Mixed
Mon Apr 22, 2013 05:46 PM CDT

OMAHA (DTN) -- The outlook for the global beef industry is mixed, as production will likely remain constrained and demand is set to weaken due to growing inflation worldwide, according to Rabobank's new research report on the global beef industry.

The Rabobank Global Cattle Price Index is about 8% lower than last year, but has improved slightly from Q4.

According to the report, disappointing prices in the U.S. beef complex in Q1, a strong U.S. dollar compared to the Japanese yen and trade issues with Russia combined to trigger a 12% decrease in exports. Also, increases in social security taxes ...

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