The European Commission's outlook for EU cattle breeding

Published 2024년 1월 24일

Tridge summary

The EU is expected to see a decrease in beef consumption per capita from 10 kg to 9.5 kg annually by 2035, due to lower profitability and stricter environmental standards. This will result in a reduction of the cattle herd by 3.5 million head. The dairy herd is also projected to decrease by 2.5 million heads, although dairy product consumption will remain stable. After a dip post the 2022-2023 high price period, beef prices are expected to stabilize at a higher level. The EU and New Zealand will continue to be the main exporters, with increasing global demand for value-added dairy products and beef, especially from China, Vietnam, and sub-Saharan Africa.

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

Original content

Beef consumption per capita in the EU is expected to continue to fall from 10 kg per year currently to 9.5 kg per year in 2035. The cattle herd could fall by 3.5 million head compared to the average 2021-2023 (-11%). The suckling herd would experience a drop of 900,000 head (-8.6%), mainly due to low profitability and stricter standards, particularly on environmental aspects. These standards could lead to a reduction in the dairy herd of 2.5 million heads (-13%) in the EU by 2035. Per capita consumption of dairy products in the EU is expected to remain stable. The report anticipates a slowdown in yield growth (0.9% per year), with a projected decline in milk production of 0.2% per year. The intra-EU market would remain the largest outlet (88% of total milk production). PRICES BALANCING AT A HIGHER LEVEL A fall in prices is expected to follow the 2022-2023 period of high beef prices in the EU. Then, higher production costs in the EU and declining production would cause prices to ...

Source: Eure Agricole