Tight global picture suggests E5/kg beef could stay

摘要

Beef finishers paying E3/kg or more for shortterm stores will draw optimism from a levy board outlook tipping that tighter global supply will temper higher domestic production this year.Analysts at Hybu Cig Cymru (Meat Promotion Wales) say beef producers should gain confidence from market drivers in their latest beef outlook.This will be welcome news to businesses which have bid El,700-E 1,800 a head for finishing cattle in recent weeks and E1,200-E1,300 for grazing cattle under 380kg.