The EU beef market is in a downward trend

Rabobank and AHDB forecast a moderate decline in production Forecasts predict that beef production in the European Union has been declining for several years and is expected to remain so in 2024. Both the Dutch Rabobank and the UK Agriculture and Horticulture Promotion Organization (AHDB) expect a moderate decline in production Decline in the dairy cow population The European Commission itself assumes a decline in production and consumption of approximately 1%. compared to 2023. The United States Department of Agriculture (USDA) has now joined the consensus estimate. A recently published market analysis points to a steadily declining cattle population – especially dairy cows – which is expected to decline for the eighth year in a row in 2024. The reasons given include increased production costs, regional drought problems, the spread of the bluetongue virus, weak demand for beef and constantly new requirements from the Brussels Commission. According to the USDA, new EU regulations ...