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Beef market outlook July 2021 now online
Thursday, 29 July 2021
We have just published our latest outlook for the UK beef market, where we explore our forecasts for slaughter, production, consumption and trade for the rest of 2021 and beyond.
This forms part of our wider Agri-Market Outlook, which includes short and long-term outlooks for the other farming sectors that we cover, as well as farm inputs and the environment.
Key points from the July 2021 Beef Market Outlook:
- 4% fall in beef and veal production expected in 2021, due to tighter cattle availability
- Domestic consumption forecast to fall by 2% overall in 2021, driven by easing retail sales
- Imports expected to fall slightly in 2021 (-0.4%), due to lower Q1 volumes, but increasing foodservice in the second half of 2021
- Exports expected to fall by 8% in 2021, due to lower Q1 volumes, and lower domestic production
Read the full version of the beef outlook
We will be reviewing our forecasts in January 2022.
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