Beef demand strong but competition resurgent
(World News Brazil)

Beef demand strong but competition resurgent 02 July 2020 Key points: US beef supply recovering, while Brazilian shipments yet to falter African Swine Fever (ASF) continues to bolster global meat demand US 90CL imported beef prices cooling off After falling drastically through May, US beef supplies have recovered rapidly, while Brazilian exports are yet to reflect any indication of a reduction in cattle slaughter. Although many underlying drivers of strong demand remain largely intact, competition in key export markets may increase in coming months. At a time when Australian beef supplies are tightening, US product will likely compete strongly in Japan, Korea, Taiwan and the US domestic...