Beef prices are rising worldwide; in Poland too, albeit at a slower pace

Published 2024년 12월 17일

Tridge summary

Slaughter cattle prices at the Chicago Stock Exchange have risen to over 190 cents per pound, marking a 13% increase from the previous year and a minor drop from the all-time high. In contrast, beef prices in Poland have seen a slower rate of growth, with a 6.3% increase in October and a 3.8% increase in November. This price hike is primarily due to a limited supply, attributed to a decline in cattle numbers among leading producers, with the US having the fewest cattle numbers since 1961 and the EU expecting a moderate increase in beef prices until 2035. The rise in meat prices is also influenced by high feed prices, debt, and drought, which have led some breeders to switch to less costly poultry meat.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Slaughter cattle prices worldwide "Last week, slaughter cattle prices at the Chicago Stock Exchange, which specializes in agricultural goods, exceeded 190 cents per pound (approx. USD 4.2 or PLN 17 per kg) for the first time in a year. Prices are 13 percent higher than a year ago and are approximately 1 percent below the highest levels in history," reports "DGP". Beef prices in Poland As added, the rate of growth of beef prices in Poland is slower. According to data from the Central Statistical Office, in October farmers sold live beef at PLN 10.8, 6.3 percent more expensive than a year ago. In turn, beef prices in November were 3.8 percent higher than a year ago - it was indicated. Low supply shapes beef prices According to "DGP", the increase in meat prices is "primarily the result of limited supply, resulting from the decline in cattle numbers among leading producers". As indicated, in the USA - the world's largest beef producer - at the beginning of the charm there were 87.2 ...

Source: Farmer.pl