European Union: Livestock and Products Annual

Both EU beef and pork production, as well as exports, are forecast to temporarily increase this year. Beef production will increase because of high carcass and beef prices combined with an overall dim outlook for the sector, incentivizing farmers to slaughter their cattle. A major outlet for the elevated beef production is Turkey. Pork production will increase as a result of an ample supply of piglets combined with low feed prices. Domestic and export outlets for the additional pork production are limited, and as a consequence, prices are forecast to fall resulting in a lower production of pork next year.