2021 Beef Market Outlook now online
Thursday, 28 January 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 2021.
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 policy.
Key points from the 2021 Beef Market Outlook:
- 5% fall in beef production expected in 2021, due to tighter cattle availability
- Domestic consumption expected to fall 3% overall in 2021, due to easing retail sales
- Imports expected to grow by 4% in 2021, as foodservice demand improves
- Exports expected to fall by 3% in 2021, largely due to lower domestic production
You can read the full version of the beef outlook here.
We will be reviewing our forecasts in mid-2021.
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