Global beef quarterly Q4 2024: Navigating declining global production, uncertainty in 2025

Herd contraction among the world’s four largest beef producing countries is going to lead to the first global beef supply reductions since the Covid-19 pandemic and alter trade flows throughout 2025. With available supplies altered across the top global beef markets, expect beef trade to shift dramatically. The changing global trade and decline in global beef production will impact cattle prices with Northern Hemisphere prices maintaining strong levels and Southern Hemisphere prices seeing potential upside.