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The Rabobank Global Cattle Price Index has risen by 6% since June, driven by lower-than-expected beef supply in the main exporting countries and strong Asian demand. According to a report from Rabobank, supply will remain tight, especially in 1H 2014, driven by lower feed costs, induced herd rebuilding in the US and the strong export demand from Brazil and Argentina, which will continue to support strong prices. In 2014, Rabobank forecasts continued high prices while global beef supply is expected to rise only slightly, meanwhile China's demand for imports are expected to increase. The recent announcements to (re-)open import markets will benefit beef trade going forward.
