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The report predicts that the global beef market will continue to be tightdue to lower production in several key regions such as the United States and the European Union, coupled with strong import demand from China and As.
The conflict between Russia and Ukraine not only affected the trade of grains such as corn and whe.
And because Russia imports a lot of beef, this affects existing trade flows and hurts markets such as the .
And because Russia imports a lot of beef, this affects existing trade flows and hurts markets such as the .
Below we talk about the agency's beef production and sales to key markets such as the UK, EU, New Zealand, Australia, Brazil and the .
01 UK beef production
In 2021, the country produced 888,000 tonnes of beef, 5% less than in 2020 and 1% below the 10-year average of 899,500 tonn.
The decrease was due to a reduction in the number of cattle processed that year, totaling 7 million he.
The decrease was due to a reduction in the number of cattle processed that year, totaling 7 million he.
Going forward, there is no sign of rebuilding of the herd as heifer slaughter remains hi.
Available livestock data suggest that the supply of finished cattle entering slaughterhouses will remain low in the first quarter but may rise in the second quart.
Available livestock data suggest that the supply of finished cattle entering slaughterhouses will remain low in the first quarter but may rise in the second quart.
These figures suggest that domestic consumption may increase from 2023 as livestock mature and enter the mark.
Challenges in the industry, such as rising input costs, could further limit beef producti.
Challenges in the industry, such as rising input costs, could further limit beef producti.
02 EU beef production
With cattle stocks generally declining in recent years, cattle prices in 27 EU countries are at record highs in 2021 due to insufficient supp.
According to Eurostat, the EU produced 8 million tonnes of beef in 2021, 9% less than in 2020 and 2% less than the 5-year avera.
This reduction will lead to a global beef shortage over the past ye.
This reduction will lead to a global beef shortage over the past ye.
France produced 4 million tonnes, or 21% of the EU's total, down 1% from 202 Germany was the second largest producer, down 2% to 1 million tonnes, while Italy's production increased by
According to Bord Bia, livestock supply shortages are expected to remain in place in the first half of 2022, but production will increase in the second half as Irish cattle slaughter recovers by 3-
The European Commission's EU Agricultural Outlook 2021-31 report forecasts that per capita consumption will drop from 16 kg in 2021 to 7 kg in 203 Consumer choice will be driven by health, environmental and economic facto.
Over the same period, herd size is expected to decrease by 7%, resulting in an 8% reduction in total EU beef production and reducing the supply of beef protein to the EU mark.
03 New Zealand beef production
Following the 2018 outbreak of African Swine Fever (ASF) in China, there has been strong demand for imported New Zealand beef and other proteins such as la.
Specific to beef, the report only revealed that in February 2022, New Zealand signed a free trade agreement with the United Kingdom, allowing duty-free entry of sheep and be.
This could affect transaction volumes for years to co.
This could affect transaction volumes for years to co.
04 Australian beef production
Relative to other Oceanian countries, Australia is currently in a state of herd rebuilding, as dry periods result in a larger percentage of cattle stocks being liquidated (source: Australian Bureau of Statistic.
As a result, Australia has a limited supply of exportable beef in 2021 as the animals are reserved for breedi.
Historically, Australia has been one of the two largest beef exporters to the United Stat.
Historically, Australia has been one of the two largest beef exporters to the United Stat.
However, annual production of Australian meat exported to the US for all of 2021 fell by 38% due to reduced product availabili.
05 Brazilian beef production
Brazil exports around 20 percent of its national meat production, equivalent to more than 2 million tonn.
In 2021, the UK imported more than 21,000 tonnes, 4,300 tonnes less than in 2020 and 7% of UK meat impor.
In 2021, the UK imported more than 21,000 tonnes, 4,300 tonnes less than in 2020 and 7% of UK meat impor.
USDA estimates production fell to 3 million tonnes (2020: 11 million tonnes) as China temporarily restricted imports of Brazilian meat in the last quarter of last year due to two "atypical mad cow" inciden.
Beef imports have resumed this year, and China remains the main destination for more than half of Brazil's beef expor.
Brazil is expected to increase cattle production to meet high demand for be.
Brazil is expected to increase cattle production to meet high demand for be.
According to the latest USDA outlook report, world production in 2022 will reach 52 million tonnes (carcass weight equivalent), with Brazil expected to account for 17% of this producti.
However, Brazilian beef will continue to face some pressure as some European supermarket chains refuse to accept the product amid reports that beef production in Brazil is linked to deforestation in the Amaz.
06 US beef production
.
beef exports in 2021 will hit a record high in volume and value, exceeding $10 billion, with meat production up 3 percent from 2020, according to the.
Meat Exporters Federati.
beef exports in 2021 will hit a record high in volume and value, exceeding $10 billion, with meat production up 3 percent from 2020, according to the.
Meat Exporters Federati.
Japan remains the top destination for.
beef, with sales up 5% from 2020 leve.
In fact, Asian markets accounted for most of the growth, such as South Korea, which grew by 1
beef, with sales up 5% from 2020 leve.
In fact, Asian markets accounted for most of the growth, such as South Korea, which grew by 1
As of January 1, 2022, cattle stocks stood at 99 million head, down 2% from the previous year, according to the.
Department of Agricultu.
The national herd has been in decline in recent years and is unlikely to recover in 2022 as heifer numbers are down
Department of Agricultu.
The national herd has been in decline in recent years and is unlikely to recover in 2022 as heifer numbers are down
Beef supplies in North America will also tighten through 2022, following the dry spe.
This year's production will be lower than 2021 levels, putting pressure on meat supplies on world marke.
This year's production will be lower than 2021 levels, putting pressure on meat supplies on world marke.
Imports are expected to be flat this year, but higher than historical levels, on the back of continued strong domestic demand in the United States and tight suppli.
