Rabobank analyst Angus Gidley-Baird says a strong U-S currency is going to continue to have an impact on global beef trade.
The bank's Beef Quarterly Report says the strong dollar has already led to a reduction in U-S exports and support for U-S imports.
At the same time, Rabobank says a weakening Chinese economy are curbing beef prices in China.
The report forecasts fourth quarter price strength for U-S fed cattle, but suggests current prices may limit the upside for those prices.
It points out New Zealand and Australian beef exports to the U-S are reaching quota limits, creating potential for some short-term softening in the New Zealand and Australian markets.
And the Rabobank beef quarterly report says Russia has extended its ban on agricultural products from Canada, the EU, the U-S, Norway and Australia by another year.
