This week, Ripley Atkinson sits down with Ryan Turner, StoneX US Regional Director of Meats & Livestock for a deep dive into the current outlook and market conditions for the US beef industry – and what’s to come for 2026. Ripley and Ryan unpack critical topics for Australian listeners, which are key to understanding the key forces operating in an increasingly dynamic, volatile global operating environment. This includes crucial insight into where the US cattle cycle currently sits, and whether it indicates a rebuild on the cards, as well as why beef production and cattle supply is diverging so quickly, or how the US beef processors are reacting to all these challenging market conditions. © 2026 StoneX Group Inc. all rights reserved.The subsidiaries of StoneX Group Inc. provide financial products and services, including, but not limited to, physical commodities, securities, clearing, global payments, risk management, asset management, foreign exchange, and exchange-traded and over-the-counter derivatives. These financial products and services are offered in accordance with the applicable laws in the jurisdictions in which they are provided and are subject to specific terms, conditions, and restrictions contained in the terms of business applicable to each such offering. Not all products and services are available in all countries. The products and services offered by the StoneX Group of companies involve risk of loss and may not be suitable for all investors. Full Disclaimer: https://www.stonex.com/en/compliance-library/#disclosuresThis is not intended for residents of any particular country, and the information herein is not advice nor a recommendation to trade nor does it constitute an offer or solicitation to buy or sell any financial product or service, by any person or entity in any jurisdiction or country where such distribution or use would be contrary to local law or regulation. Please refer to the Regulatory Disclosure (https://www.stonex.com/en/compliance-library) section for entity-specific disclosures.No part of this material may be copied, photocopied or duplicated in any form by any means or redistributed without the prior written consent of StoneX Group Inc. The information herein is provided for informational purposes only. This information is provided on an ‘as-is’ basis and may contain statements and opinions of the StoneX Group of companies as well as excerpts and/or information from public sources and third parties and no warranty, whether express or implied, is given as to its completeness or accuracy. Each company within the StoneX Group of companies (on its own behalf and on behalf of its directors, employees and agents) disclaims any and all liability as well as any third-party claim that may arise from the accuracy and/or completeness of the information detailed herein, as well as the use of or reliance on this information by the recipient, any member of its group or any third party.

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