EU short-term outlook: Beef and sheepmeat summary

Published 2024년 5월 10일

Tridge summary

The latest EU short-term outlook predicts a decrease in beef and sheep meat production in 2024, with beef production expected to fall by 2.3% and sheep meat production by 4.9%. This is due to structural adjustments in the beef and dairy sectors and high inflationary pressures leading to limited consumption. Despite high prices, imports have not made up for the decrease in production, although they are expected to grow by 2% in 2024, primarily from Brazil. EU exports are also expected to see a slight decline in 2024 due to lower cattle inventories, while consumption is predicted to continue to fall.

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

Original content

The latest EU short-term outlook has been released. The outlook is available here or read our summary of the key takeaways for beef and sheepmeat below: • EU beef production is expected to see a production fall of 2.3% in 2024 • EU sheep meat production is estimated to fall by 4.9% in 2024• Low supplies coupled with inflationary pressures are limiting consumption.• The EU market remains attractive for imports of beef and lamb, meanwhile a small decline in exports is foreseen. EU beef production decreased by 3.9% in 2023, driven by structural adjustments in the beef and dairy sectors. Beef production in 2024 is anticipated to decrease by a further 2.3%. This has supported high prices; a theme which the European Commission suggests may continue. Of the largest producing countries, Italy saw the steepest decline (-17%) driven by shortages of imported live animals. The December 2023 livestock survey reported a reduction of suckler cows in the EU by -1.6% (160 000 head), whilst dairy ...

Source: Ahdb