EU beef production forecast to increase

Published 2024년 9월 25일

Tridge summary

In 2024, the European Union (EU) is projected to experience a slight increase in beef production by 2.2%, due to higher slaughter numbers and carcass weights, despite an ongoing decline in herd sizes and calf production for the ninth year in a row. This decline, particularly in Western Europe, is attributed to a poor economic climate and stringent regulations. However, the EU beef market remains tight, with imports decreasing and exports increasing, largely to Turkey. The forecast rise in beef exports is attributed to a shift in Turkey's preference from cattle imports to beef imports. Additionally, the outbreak of the bluetongue virus and epizootic haemorrhagic disease in Western Europe is expected to further decrease slaughter numbers in the next year.

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

Original content

A temporary increase in EU beef production is forecast in 2024. Due to the poor economic outlook and tightening regulations, herd size and calf production in the EU are expected to decline for the ninth consecutive year in 2025. The decline is expected to occur mainly in Western Europe. In Central Europe, both dairy and beef herds are stabilising, coupled with the concentration and commercialisation of the sector. An acceleration in slaughter is forecast this year, driven by relatively high prices for bull and cow carcasses. Another factor, mainly in Western Europe, is the outbreak of bluetongue virus (BTV-3) and epizootic haemorrhagic disease (EHD). Due to smaller herd size and calf production, slaughter is forecast to decline next year. EU cattle exports are falling due to a significant reduction in supplies to Turkey. Increased slaughter and higher carcass weights are forecast to boost EU beef production by 2.2 percent in 2024. Assuming stable slaughter weights, EU beef ...

Source: Milknews