Rabobank Report Examines Beef Production with 2012 Drought Conditions

Aug 13, 2012

Rabobank Report Targets Beef Production Imbalance [August 13, 2012]

Rabobank released its Q3 report contrasting the global beef industry against the 2012 drought being experienced across much of North America. The report looks at the production imbalance levels while seeking to compare the global cattle price index with prices from last year.

The report found that the global cattle index dropped by seven per cent compared to Q1 numbers. Looking to Q3 levels from this time last year were down nine per cent. The dip in numbers is driven by a weaker demand for beef coupled with a high U.S. dollar. Looking to the beef supply - from a global perspective the world is short on beef. The only country that increased its supply of beef is Brazil.

The good news is the downward trend on prices will be balanced out with reduced beef supply in combination with pressures in grain-fed meat. It’s predicted that Brazil, Australia and Argentina will lead the way on beef supply levels increasing levels from last year.

The report concludes that China is becoming a competitive contender in beef cattle production following significant amounts of industry investment. The report predicts that global supply will grow compared to 2011 and will be driven largely by beef cattle herd liquidation due to undesirable drought conditions leaving pasture fields and grain feed in short supply.

Video: Winter Service Inspections for John Deere Equipment - The FarmCast Ep64

The FarmCast, host Troy Randall speaks with Doug Luedke, Vice President of Service, and Davin Peterson, Executive Vice President of Aftermarket at 21st Century Equipment, to discuss the importance of proactive service and how it helps farmers reduce downtime during their busiest seasons. The conversation focuses on the Winter Service Inspection Program, a comprehensive approach designed to keep equipment running at peak performance and limit costly in-season breakdowns through preventative maintenance and expert technician support.

Doug and Devin explain how 21st Century Equipment’s service teams have evolved to meet the needs of today’s connected machines. With more technology and data integrated into modern equipment, technicians now play a vital role in both mechanical repairs and precision ag support. Through advanced diagnostics, machine monitoring, and John Deere’s Expert Alerts, they can identify and address potential issues before they become major problems—saving customers valuable time, money, and frustration.

Throughout the discussion, the team shares real-world success stories demonstrating how proactive inspections and customer-focused service help maximize uptime and efficiency for every operation. Whether it’s a large tractor, combine, or small mower, the goal remains the same: to provide trusted, reliable support that helps farmers and landowners stay productive and confident in their equipment year-round.