European beef cattle trend reports as of November 2022
Frozen Bone-In Beef
Published Dec 7, 2022
Tridge summary
Context In Europe, the shortage of mature cattle keeps prices at high levels. European production continues to contract also in the first eight months of 2022 (-1.5%), confirming the negative trend of the last three years. Inflation has begun to affect the consumption of beef in many countries, consumption is decreasing. Production situation in Italy. The production situation in Italy reflects the consequences of the increase in feed costs, with a greater number being sent to the slaughter of animals to be reformed: +2.7% slaughtered animals of which a fifth belongs to the cow category (+12% vs 2021).
Original content
Global and European Context In Europe, the shortage of mature cattle keeps prices at high levels. European production continues to contract also in the first eight months of 2022 (-1.5%), confirming the negative trend of the last three years. Inflation has begun to affect the consumption of beef in many countries, consumption is decreasing.Production situation in ItalyThe production situation in Italy reflects the consequences of the increase in feed costs, with a greater number being sent to slaughter of animals to be reformed: +2.7% slaughtered animals of which a fifth belong to the cow category (+12% vs 2021) Price trend Prices clearly rising and above the seasonal averages of previous years, driven not only by the increase in costs also from the high prices of other European countries. Breeding prices for young bullocks in October +22% on the average of the previous three-year period, cows +32%. Foreign trade Imports of live cattle from breeding show an overall decrease of ...
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