Irish beef exports down in Q1

Published 2021년 5월 28일

Tridge summary

In the last quarter of the year, Ireland experienced a 6.1% decrease in cattle slaughter compared to the previous year, continuing a trend from the beginning of the year. Q1 saw a total of 434,100 head of cattle slaughtered, marking a 13.6% decrease from Q1 2020. This decrease is attributed to higher slaughter numbers in the autumn of the previous year, which depleted the current cattle supply. As a result, there has been a 3% decrease in the number of cattle expected to be slaughtered in 2021, leading to an increase in prices and a tighter beef market. Additionally, Q1 exports of Irish beef saw a 22% decrease, with a 38% decrease in exports to the UK, among other European countries.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

During the last month of the first quarter, cattle slaughter in Ireland has fallen by 6.1% compared with March 2020. The trend was seen also in the first two months of the year, with slaughter figures for Q1 totaling just 434,100 head (-13.6%). According to ADHD analysts, the decline was expected as higher slaughter throughputs last autumn tightened the supply of cattle available now. "Industry estimates forecast a 3% fewer cattle to be slaughtered (50,000 head) during 2021. This tighter supply may be helping to support prices in Ireland, as well as also limiting the volume of beef available for export," announced AHDB analyst, Charlie Reeve.Irish ...
Source: EuroMeat

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