date:Jul 03, 2014
During the third quarter, the global beef market will regain its positive momentum, once the current, temporarily high supply has worked through the system, according to Rabobanks Beef Quarterly Q2 2014. This will likely support strengthening of prices as competing animal-protein supplies tighten.
However, the primary wildcards for kicking off these positive developments are rainfall in Australia, and to a lesser extent the continued drought in the United States and Brazil, pushing more cattle