Beef cattle trends in the EU for July 2023

Published 2023년 7월 25일

Tridge summary

In Europe, the availability of mature cattle is scarce, leading to high prices. European production is expected to decline in 2023, continuing a negative trend. In Italy, national production is sharply declining, particularly in the first quarter of 2023. The prices of veal, which have been high for over 10 months, experienced a slight decline due to weakened consumer demand and competition from Poland and Germany. Imports of live cattle for breeding and meat have decreased, indicating a reduced supply for the summer months. Domestic purchases of beef have increased in expenditure, but volumes are down compared to previous years. The increase in production costs and the focus on environmental sustainability will require farmers to make strategic choices for greater self-sufficiency and improvement in the quality and supply chain.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

European contextIn Europe, the scarce availability of mature cattle keeps prices at high levels. European production expected to decline for 2023 (-1.6% on an annual basis) after -2.6% in 2022 confirms the negative trend of the last four years. Inflation has begun to affect the consumption of beef and in many countries consumption is decreasing.Production situation in ItalyNational production in sharp decline in the first quarter of 2023: Istat slaughtering data show declines that exceed 30 % for both cows and heifers; the offer of veal has held steady although the contraction in imports of stalls from France in the first quarter of 2023 suggests a reduction in the offer in the coming months.Price trendThe prices of veal, after more than 10 months at high levels and tending to up, marked a first retreat in June, while continuing to maintain a positive differential of 3% on an annual basis. The dynamics can be ascribed to the combined effect of the weakening of consumer demand and ...
Source: ITIsmea

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