Rabobank Beef Quarterly Q2 2017: Market disruption changing trade flows

The global beef complex has been characterised by a series of market disruptions through Q2, according to the Rabobank Beef Quarterly Q2 2017. Political upheaval in Brazil, a new trade agreement between the US and China, and proposed bans on slaughter in India: All involve the major bovine-exporting nations of the world and have the potential to cause material shifts in global trade. According to Angus Gidley-Baird, Rabobank Senior Analyst Animal Protein: ‘While US exports continue to perform strongly (and have now reached record levels), reduced supply from Australia and New Zealand, along with potential shocks from Brazil and India, could see the balance in the beef market shift back to a supply-limited market.’ Brazil’s meat sector has been rocked by two political events during 1H 2017. In March, the…