In 2023, the European Union is poised to witness a decline in beef production due to a decreased supply of calves, with notable reductions in young animal numbers observed in Italy, Spain, and France. This downturn is largely attributed to factors such as drought in Western countries impacting natural grass feed and military operations in Ukraine. While slaughter rates are generally falling across the EU, Italy might see a slight uptick in an attempt to offset the diminished cattle numbers from other countries like the USA, Canada, and Ukraine. This scenario is expected to alter global beef export dynamics and lead to a market redistribution.