Negative trends in the EU beef market

The EU autumn sector forecast for the current and next year is accordingly cautious. Due to declining cattle stocks and declining live exports from the EU, Brussels analysts expect beef volumes to fall by around 100,000 tonnes, or 1.4 per cent, to 6.88 million tonnes in 2020 compared to the previous year. statistics. The number of slaughterings is assumed to increase slightly in the second half of the year compared to the same period last year, but this is not yet apparent from the data published for July and August. In the first half of 2020, EU beef production fell by 2.4 percent. In addition to Covid-19, the EU is also blaming some Member States for the drought, so some producers took less weight-bearing animals to the slaughterhouse prematurely, German proplanta.de reported. Beef production is forecast to decline by 1.4 per cent, which can be explained by a reduction in cattle herds. In particular, livestock farmers in Germany, France, Austria and Romania reduced their stocks ...