Tough going continues in US grinding beef market

AUSTRALIAN exporters continue to encounter tough trading conditions in the US grinding beef market. The graph published here, prepared this week by Steiner Consulting, graphically illustrates the changing fortunes for Australian manufacturing beef exports to the United States over the past three years. Tonnage has continued to decline dramatically as the 2016 years has worn on, and are now only a fraction of the huge monthly volumes of trade experienced during large parts of 2014-15. Part of that can be explained by reduced supply out of Australia, but increasingly, Australian exporters are also having to divert lean manufacturing product into…

Source: Beef Central
Tough going continues in US grinding beef market