With tightglobalsupplyofbeefandimprovingdemandina numberof markets, cattlepricesin Brazil are set to remain at record levelsin 2011 and ease only modestly in 2012, thereportsays.
This means that we are using our beef resources more efficiently, which also means that we can meet consumer demands with lower prices and fewer cattle.
Wholesale beefprices have risen as meatpackers seek to pass along the higher costs they have been paying for cattle after droughts the past two summers in Texas, Oklahoma and other big cattle-ranching states.