Irish cattle price and beef market forecast for 2023

The beef market outlook for 2023 remains broadly optimistic but this optimism is “surrounded by a fair degree of uncertainty”. That’s according to Bord Bia’s Beef Sector manager Mark Zieg. Giving his analysis of how beef markets are looking for 2023, Zieg told Agriland: “The European Commission forecasts that the EU beef herd will decline further” in 2023. He outlined that a 0.8% decline has been forecast in the EU beef herd for next year and said “notable declines” in the number of finished beef cattle are forecast in many of Ireland’s key markets. Some of the key markets for Irish beef which a decline in supply has been forecast for 2023 are: France: 2% decline;Spain: 2.3% decline;Italy: 1.4% decline;The Netherlands: 0.8%. As a result of these declines, the Bord Bia beef sector manager believes “supplies of beef will be relatively tight and should underlay a positive market environment for Irish exports”. Advertisement The UK beef market Zieg said that the UK “expects to see a ...