Global cattle prices surge amid supply cuts, trade tension - Rabobank Rabobank warns US policy shifts could disrupt beef markets3 June 2025 3 June 2025 3 minute read 3 minute read By: By: Global Ag Media EuropeGlobal cattle markets have all been trending higher in the first half of 2025, according to a recent RaboResearch report. However, since President Trump took office in January 2025, uncertainty and unpredictability have reverberated through the global beef market. Global beef demand and trade to remain stableAlthough the full extent of the trade war remains uncertain, RaboResearch remains cautiously optimistic about beef demand and trade flows. “The rise in European prices now puts them in line with the strong North American cattle prices, which continue to rise slowly,” says Angus Gidley-Baird, Senior Analyst – Animal Protein for RaboResearch. While negotiations are ongoing, we are starting to see some redistribution of beef trade volumes around the world.