UK beef production update: Strong demand continues to drive production and trade

Published Oct 18, 2024

Tridge summary

UK beef production saw a 5% increase in September compared to August and a 7% rise from the previous year, with prime cattle slaughter and cull cow slaughter both experiencing growth. Despite an increase in slaughter, GB deadweight cattle prices continue to rise. Retail data shows a 4.1% year-on-year increase in beef spend, with volumes and prices paid both rising. Despite strong GB cattle prices and a appreciated sterling against the Euro, EU remains the primary destination for UK beef exports, accounting for 85% of volumes. Non-EU markets, including Hong Kong, have been the primary drivers of trade in 2024.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

UK beef production totalled 76,600 tonnes in September, up 5% from August. Production was also up compared to last September’s levels by 7% (5,300 tonnes). Prime cattle slaughter grew in September by 5% to 173,900 head, driving growth in production figures. Prime carcase weights have remained relatively stable this year, sitting 1% above year-on-year figures in September, however fell marginally by 1% from August. Additionally, GB deadweight cattle prices have continued to rise despite an increase in slaughter. Cull cow slaughter also grew in September, up 11% from August to 52,500 head as we see seasonal rises coming into play. This was 7% above rates seen a year ago, potentially driven by high cull cow prices and wet weather driving cattle indoors sooner. Industry reports suggest competition for cattle and robust demand for beef is supporting prices. The most recent 12-week GB retail data, ending 1 September 2024, saw spend on beef increase by 4.1% year-on-year, with volumes ...

Source: Ahdb