European beef cattle trend reports as of November 2022

Published 2022년 12월 6일

Tridge summary

Europe is experiencing a severe shortage of mature cattle, resulting in high prices and a decline in beef consumption due to inflation. The continent's beef production has been contracting for the past three years, with Italy specifically facing challenges due to increased feed costs. This has led to a higher number of animals being sent to slaughter. Prices are rising and remain high, with breeding prices for young bullocks and cows showing significant increases. There has been a decrease in imports of live cattle from breeding, while imports of meat have increased. Domestic beef purchases have seen a 4% increase in expenditure but a 4.5% decrease in volumes. Farmers are expected to make strategic decisions due to the rising production costs required for environmental sustainability.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

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 ...
Source: ITIsmea

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