The average beef price in the EU from the end of June to the first week in July was approximately €6.54/kg according to the latest information from the European Commission.

In week 27-2025 (from June 30 to July 6), the EU average price for carcasses of adult male bovines was €654.3/100kg (+0.5% previous week, +1.41% previous month, and +29,8% previous year) corresponding to 294.2% of the reference price.

Prices continue at historical high levels. They continue to be driven by a limited availability of animals for slaughter and a robust demand, internal and external.

According to the latest statistics available, in the period January-April 2025, EU production decreased by 2.9% compared to the same period in 2024, with significant declines in major producers (e.g.,-4% in France, -6.5% in Germany).

The short supply continues to be the most significant market feature.

In the period January-March 2025, exports decreased by 10.9% in relation to the same period in 2024.

The shortage of animals and the decline in the production seems to be limiting EU’s capacity to export.

The UK was the first destination, representing 37% of total exports followed by Turkiye (7.1% of total exports).

Both destinations registered significant declines while exports to Morocco, Algeria and Israel have increased considerably.

Exports also focused on other EU neighbouring countries, such as Switzerland and Algeria, and on other traditional African destinations such as Ghana and Ivory Coast.

It is worth noting that while exports have declined in volume they have increased in value (+5%); this is likely due to the higher value as a result of the higher prices of products exported (fresh beef and live animals).

In the period January-March 2025 imports increased by 12.1% in relation to the same period in 2024.

Imports increased from all main partners, including the US. The UK and Brazil were the first suppliers, followed by Argentina and Uruguay.

The significant increase of imports in the first quarter of 2025 may also be an effect of the short internal EU supply, according to the European Commission report.

There were no significant changes in the world beef market. As in the EU, the tight supply and the solid demand has led trade to register record figures.

Brazil continues to lead world exports followed by Australia. As for imports, China and the US remain, by large, the leaders of the world demand.

World trade on beef remains dynamic but the geopolitical situation and the confused situation on US tariffs have raised a great uncertainty and global concerns, the report indicates.