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Meat & Livestock Review & Outlook

  • A decrease of almost 5% in finished cattle supplies coupled with strong demand on key export markets led to a rise of 18% in average cattle prices. Whilst export volumes were down the value of exports increased by €230m.
  • The prospects for the meat and livestock sector in 2012 remain broadly positive with a light supply situation both in Ireland and across Europe expected to boost the value of beef exports. The total finished supplies at excport meat plants are expected to fall by 70-90,000 head.
  • The supply demand balance improved during 2011 as a combination of increased demand for European beef on international markets and lower imports from South America helped offset ongoing sluggish consumer demand.
  • Cattle prices across Europe increased significantly as the year progressed, reflecting the EU position, changing from being a net importer to a net exporter of beef. The weighted EU-15 R3 male price rose by 11% to €3.50/kg. Prices strengthened significantlly as the year progressed, especially during the Autumn period (see chart for Country price increases).




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