Rabobank has just published its forecast report for the evolution of the beef market for the third quarter of the year. From the bank, they see a movement within supply channels and price points that tend to favor cheaper options, such as ground beef and quick service restaurants, instead of cuts and more expensive consumption channels.
Regarding prices, Rabobank indicates that most beef retail prices continued their upward trend in the second quarter or remained stable. Most are between 5% and 11% higher than in the second quarter of 2021.
In addition, he assures that a distrust of the consumer is beginning to be noticed in the face of the slowdown in the economies and the increase in inflation. Rabobank believes that beef markets are resilient to changes in economic conditions. Rabobank believes that if US beef slaughter slows down, there will be a potential rise in prices for leaner cuts.
Other articles on Rabobank trends in the web de Anafric.
More information Revista Cárnica and Eurocarne
