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2 clusters · 7 sources · 3 days · First seen · Last updated

Global beef and livestock economic pressures

Overview

The global beef and livestock sectors are facing significant economic pressures driven by rising operational costs and high international demand.

In the United States and Australia, rising diesel prices and high regulatory burdens are increasing expenses across the supply chain. In Australia, regulatory costs account for over half of operational expenses for beef processing, contributing to a 47% increase in per-head costs over the last decade. In the U.S., fuel costs for transportation are impacting cash pricing.

These supply-side pressures are accompanied by strong export demand, particularly from the United States for trim beef. This demand has pushed beef mince prices to record highs in New Zealand, where retail prices have risen over 30% since early 2024. Analysts suggest that retail prices may not ease soon, though there are concerns regarding the limits of consumer tolerance for these price increases.

Entities

Joplin Regional Stockyards · Rabobank · King Ranch Institute for Ranch Management · Australian Meat Processor Corporation · Jen Corkran

Timeline

  1. 26 days ago

    [BUSINESS] 2 sources
    Beef mince prices reach record highs amid strong export demand

    Beef mince prices have surged over 30% since early 2024, exceeding $24/kg due to strong US demand for trim beef, according to Rabobank.

  2. 28 days ago

    [BUSINESS] 5 sources
    Rising operational costs pressure global beef and livestock sectors

    Rising fuel and regulatory costs are squeezing the beef industry in the US and Australia, impacting supply chain expenses and processor margins.

Sources

brownfieldagnews.com · farmersweekly.co.nz · farmonline.com.au · farmweekly.com.au · interest.co.nz · stockandland.com.au · stockjournal.com.au