LIVESTOCK MARKETS: Downward pressure on beef prices

LIVESTOCK MARKETS: Downward pressure on beef prices

U.S. cattle on feed in line with pre-report estimates.

A range of factors are expected to cause cattle and beef prices in many major beef countries to stay subdued or soften over the second half of 2016. At a global level, lower beef prices in the U.S. and a slowing Chinese economy are creating a downward pull on prices. Brazil is an exception, however: With an improving economic outlook and increased beef exports, cattle prices are expected to increase, according to the Rabobank "Global Beef Quarterly Q3 2016" report.

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