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business1d ago
Global beef output expected to contract through 2026 - Food & Drink International
- Rabobank projects global beef output to contract again in 2026, by about 3.1%.
- Major producers like Brazil, the US, and Canada are expected to post lower output next year.
- New Zealand faces the steepest percentage drop in 2025 among top beef producers.
- The US is forecast to incur the largest tonnage decline in beef production.
- Retail beef prices are rising worldwide due to constrained cattle availability.
- Tyson Foods warns of further volume pressure and up to $600 million in potential beef losses.
- Tyson Foods is closing a beef-processing facility in Lexington, Nebraska as part of restructuring.
- Canada sees tightening beef exports so far in 2025, with January–August down about 41,000 tonnes year on year.
- China is the only major market forecast to post a slight production uptick in 2025.
- Rabobank cites ongoing supply pressures across several major producing regions as a driver of the outlook.
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