[3 September/Rabobank]

According to an industry report, while global beef priced held up well in the first half of the year, a range of changes in the U.S. market had the potential to affect global beef trade and impact New Zealand producers. In a report, Rabobank said activities in the U.S. were the focus of attention. Its co-author, Blake Holgate, said a number of factors created uncertainty and market volatility in the U.S., and New Zealand producers would need to closely watch developments. He added the main developments that could affect trade were growing supply, a range of protein production, drought conditions, and trade uncertainties. The report said U.S. trade policy was another factor that could impact global beef markets. Mr Holgate noted outbreaks of African Swine Fever in China could also impact markets. The report added prices in New Zealand lifted over the last quarter.