Supply undulating as COVID-19 hinders global beef production
(World News Brazil)

Supply undulating as COVID-19 hinders global beef production 06 July 2020 Key points: Global beef production forecast to decline 1% in 2020 Weekly US beef production has rapidly recovered, however, a large backlog of cattle now exists which will bolster beef supplies over the coming 12 months Brazilian beef production has slowed, yet exports continue to perform well due to attractive export demand led by China COVID-19 has already had an unprecedented and profound impact upon the global beef market, with further implications likely to carry through over the coming years. From a supply perspective, in January the USDA were forecasting no change in global beef supply in 2020. However, with...