Poland: What caused the fall in cattle prices in recent weeks?

Published 2023년 1월 3일

Tridge summary

The beef market in November saw an increase in supply due to warmer October temperatures, leading farmers to extend grazing and delay selling some cattle until November. This delay resulted in a price correction. The sale of beef on Western markets is currently unstable, with full warehouses and no signs of a return to normal yet. Inflation has also led to consumers reducing their beef purchases. However, it is expected that the trend of high price increases may decrease in the coming year. The supply and demand in the beef market tends to be low around Christmas and the beginning of the new year, as breeders typically sell their cattle before this time.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

We asked Grzegorz Prabucki, Director of Cattle Purchase at Skłodowscy, for the reasons for the changes in the beef market and for a comment on the situation in the sector. November was a very supply-rich month, but it's no wonder. This was due to the relatively warm October, which encouraged farmers to extend grazing in meadows and pastures. Thus, part of the cattle, which would naturally go on sale in October, was kept until November. This accumulation was one of the reasons for the price correction, informs Grzegorz Prabucki. How is beef sold? According to Prabucki, the sale of beef on Western markets is still unstable. It goes very hard, and all major recipients clearly communicate that they have full warehouses. This is still the aftermath of the pandemic, where everyone worked hoping that the situation would return to normal as soon as the virus stopped being so burdensome. Unfortunately, that didn't happen. Poles save on meat - The situation has been exacerbated by ...
Source: Farmer.pl

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