Long-term corona effect on EU cattle production

Published 2021년 4월 16일

Tridge summary

The European production of beef and veal is expected to be impacted by the consequences of COVID-19 throughout 2021 and into 2022, according to German company AMI. This is due to a decline in beef production, with a 1.2% decrease in cattle in EU member states at the end of 2020 and a 2% decrease in slaughter compared to 2019. The decrease in cattle slaughter is attributed to falling settlement prices and capacity challenges at slaughterhouses. Settlement prices for young animals and cows decreased by 1.5% and 4.3% respectively in 2020. However, beef production is expected to stabilize in 2022 with only Italy and Ireland expected to increase production.

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

Original content

The European production of beef and veal will be affected by the consequences of covid-19 throughout 2021 and into 2022. This is the assessment of the analysts in the German company AMI, writes Danish Landbrugsavisen. The forecast is based on declining beef production. At the end of 2020, there were 1.2 per cent fewer cattle in EU member states, and slaughter was two per cent below the level in 2019. The reduced cattle slaughter is justified by falling settlement prices and capacity challenges at slaughterhouses, which have been affected by covid-19 among staff. AMI's calculation of the ...

Source: Bondebladet