[5 September/Rural Life]

An industry report said developments in the U.S. market could impact New Zealand beef producers in the second half of the year. Rabobank Animal Proteins Analyst, Blake Holgate, said factors including building protein levels and trade policy were creating uncertainty and market volatility. The U.S is a key market for beef exports. He added developments most likely to impact trade included growing beef supply, a plethora of protein production, drought conditions, and trade uncertainties. Negotiations around renewal of the North American Free Trade Agreement would also play a key role in the market. Imports into Japan and South Korea also increased. Mr Holgate added outbreaks of African Swine Fever in China could further impact markets.  A disruption to the pork market would likely see increased demand for beef and sheep meat in China.