ANALYSIS: UK Beef Market Update-December 2024

UK beef prices continued to trend upwards as cattle prices continued to rise in December 2024. The UK cattle deadweight price reached GBP 5.43/kg, up 4.3% month-on-month (m-o-m) and year-on-year (y-o-y) in early December 2024. Some market reports indicate strong festive demand, which is expected to help sustain prices through the winter months.

UK beef production in 2024 is projected to reach 933,000 tonnes, representing a 4% increase compared to 2023. This growth is primarily driven by a rise in prime...

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