July 2022 beef and lamb market outlooks now online

We have just published our latest outlook for the UK beef and lamb markets, where we explore our forecasts for slaughter, production, consumption and trade for 2022.

These form part of our wider Agri-Market Outlook, which includes our forecasts for the other farming sectors, as well as farm inputs and the wider economy.

Key points from the July 2022 outlooks:

Beef:

• Beef production is expected to be up 2% for 2022, bolstered by higher than anticipated cow throughput
• Overall beef consumption is forecast to drop by a moderate 4% in 2022, dominated by a slowdown in retail sales
• Beef imports are forecast to increase as foodservice demand remains in growth year-on-year
• Exports of beef are still forecast to grow, helped by higher domestic production and the tight supply situation facing the continent

Read the full beef market outlook here.

Lamb:

• The 2022 lamb crop is forecast higher following growth in the breeding stock.
• Total sheep meat production is forecast to rebound from last year’s low levels, returning to 2020 levels.
• Exports expected to grow 20% compared to 2021 while the recent increase in imports is expected to slow
• Domestic demand is expected to drop in 2022 as consumers face pressure on personal finances

Read the full lamb market outlook here.

We will be reviewing our forecasts in January 2023.