commodity paper.docx - Angela Suarez 1510140 The beef...

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Angela Suarez 1510140 The beef market is a relevant commodity because is a source of food and indispensable in most countries. Some characteristics of this market are that: its dominated by a few countries. The largest exporters of beef are Brazil, India, Australia, and the United States. And the largest importers are the United States, China, Japan, and Hong Kong. The process takes around “2-3 years to bring beef from the farm to the fork” and it depends on feed grains, grain supplies, and prices affect beef production. The beef market has been part of many controversies worldwide, not only showing the importance of religion for some countries, corruption on some governments but also as proof that the suppliers’ countries should improve their practices. In this essay, we will analyze how the beef market is doing globally. First of all, there are two factors to consideration when we discuss supply in the beef market: the quantity of cattle a country can produce and how much of the beef will be consumed domestically. If you produce more than you consume nationally then you are considered an exporter of beef. Usually the largest exporters are the largest countries because of all the land needed for cattle farming. As is the case of Brazil, they consume domestically 80% of their production but they are still the largest exporter of beef worldwide. In other cases, like India where space is an issue, due to
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  • Fall '19
  • Angela Suarez, beef market

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