Tridge summary
The USDA Foreign Agricultural Service's report revised its forecast for 2024, indicating an accelerated contraction of the cattle herd due to increased slaughter rates in the first half of the year, with a 2.07% rise. This trend is particularly notable in countries like Poland, Italy, Spain, Germany, Belgium, the Netherlands, and Ireland, driven by high carcass prices and a negative outlook for dairy and beef farming. Eurostat data supports this with a 4.93% increase in EU cow slaughter, while calf slaughter decreased by 1.59%, indicating a lower calf crop.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
In the USDA Foreign Agricultural Service's (USDA-FAS) semi-annual report, the contraction of the cattle herd was anticipated to slow down in 2024. In the annual report, this forecast is adjusted to an acceleration of the contraction based on elevated official slaughter during the first half of the year (+2.07%). Cattle slaughter rose most significantly in Poland, Italy, Spain, Germany, Belgium, the Netherlands, and Ireland. In these EU Member States, except for Poland, elevated slaughter is caused by relatively high prices for steer and cow carcasses in combination with an overall dim outlook for dairy and beef farming. ...
Source: EuroMeat
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