UK Beef Supply Tightens

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UK, United Kingdom, UK cattle, UK cattle slaughter, beef prices


Beef production is declining in the United Kingdom, the European Union’s largest producer. The number of cattle slaughtered in the UK during June was 7% fewer than in the prior month. Average carcass weight of steers slaughtered in June also fell by 1% to 369 kg/tonne. However, EU beef exports rose 3% y/y in May, despite EU beef and veal consumption projected to be roughly flat in 2017/18. UK producer prices are 3% higher than a year ago as domestic supplies remain tight. A weaker sterling is making cattle imports more expensive for UK producers, while also boosting beef exports.

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