Part 3: Rabobank Global Animal Protein Outlook

In part three of this four-part series featuring Rabobank, we dive into the imports of beef with a declining domestic production. Senior Animal Protein Analyst, Lance Zimmerman.

“We had a monthly global trade report that just came out and really the trends since last spring or sorry, this most recent spring, are very much in on track with the idea that declining domestic production means less exports and more imports. We're seeing more imports out of Australia, up well over 40% year to date, compared to where we were last year. At this time. We're seeing declining exports mostly out of the southeast Asia region, China, Japan, and South Korea are leading our year-over-year decline, and beef exports, we're seeing a stronger pull come out of Mexico for product into the US as well as we've gone forward and rebuilt the cow herd during the previous cattle cycle. We also rebuilt the higher quality beef production that's being produced here in the US much more prime product much more choice product but less select. That's opened an opportunity up where we do see more imports coming in from Mexico. And so we're gonna continue to see those things take shape going forward, not just within the US but globally, as we have to reposition where product is going and where it's most needed.”

In tomorrow's report, we wrap up this four-part series featuring Robobank’s Zimmerman on the US animal protein industry.