Global cattle and beef markets are expected to see continued strength this year, with the potential for new record high prices. That’s the conclusion of economists at Rabobank, who also believe “there are limited downside price risks” for the first quarter of 2012 as they expect a “slightly larger global supply amidst a back drop of slowing winter demand in the Northern Hemisphere.”

According to Rabobank Beef Quarterly, cattle prices “for the rest of the year should post record highs as markets transition from the short term supply bulge (primarily U.S. and Brazil) to materially lower supplies.”