High costs are pressuring EU beef and swine sectors

Published 2023년 3월 14일

Tridge summary

The USDA GAIN report has highlighted the challenges faced by the European Union's cattle and swine farmers, including high feed and energy prices, and environmental regulations, which are leading to a reduction in operations. This is expected to result in a decrease in beef production, despite the implementation of the EU's Common Agricultural Policy. Consequently, EU beef imports are forecast to recover to pre-pandemic levels in 2023. The swine sector is further burdened by reduced domestic and export demand, leading to a record drop in total swine and sow stock in 2022, and an anticipated fall in the supply of animals for slaughter in 2023, necessitating sector restructuring.

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

Original content

High feed and energy prices and environmental restrictions are pressuring both cattle and swine farmers in the European Union (EU), leading to a reduction in operations, according to a recent USDA GAIN report. National implementation of the EU’s Common Agricultural Policy is not anticipated to curb the continued decline in beef production, as EU Member States are expected to increasingly focus on support for smaller farms. With lower domestic production, EU beef imports are forecast to recover to near pre-coronavirus levels in 2023. In addition to high input prices, the EU swine sector faces reduced domestic and export demand. The negative market factors collectively led to a record drop in the total swine and sow stock in 2022. ...

Source: Thepigsite