ANALYSIS: Downward Pressure Persists Amid Sluggish Demand in the UK Beef Market

UK beef cut-out prices continued their downward trajectory in June 2026, as subdued wholesale demand kept the market under pressure. Prices declined across most cuts, with the notable exception of steak cuts excluding sirloin, which also registered a fall. 

Market participants attribute the broad weakness to an oversupply of New Zealand and Australian beef, which has been weighing heavily on UK and Irish prices over the past several weeks...

ANALYSIS: Unusual Market Shift 2026 Select Cutout Trades Above Choice

The data shows a brief and unusual inversion in the typical relationship between the USDA Choice and Select beef cutout values. At the same time, on March 25 and 26, the Expana Choice cutout maintained a premium over Select, holding at 3.35% on March 25 and 3.33% on March 26. Under normal market conditions, the USDA Choice cutout trades at a premium to the USDA Select cutout, reflecting higher quality and stronger demand. However, during the period from March 23 to...

ANALYSIS: Tighter Cattle Supplies and Rising Costs Set to Shape Irish Beef Prices in 2026

The Expana price for cattle steer in Ireland stood at €7.27/kg in the week ending December 10, 2025, representing a 2.9% decline month-over-month (MOM), while remaining sharply higher on an annual basis, up 31.2% year-over-year (YOY). Despite the recent monthly easing, prices continue to reflect tight supply conditions and strong underlying market fundamentals. 

Ireland exports approximately 90% of its beef production, meaning global market conditions play a decisive role in shaping domestic cattle prices. While short-term fluctuations in local supply can influence prices temporarily, export market trends remain...

ANALYSIS: UK Cattle Supply Expected to Tighten by 2026

UK cattle supplies are expected to decline further in 2026, influenced by the reduced calf registrations observed in 2024 and 2025. Producer confidence remains mixed due to uncertainties about the industry’s future, impacted by policy changes such as farm payment reforms and potential inheritance tax adjustments. These factors might accelerate culling activities if producers decide to downsize or exit production, potentially affecting prime cattle availability at the beginning of 2026.

Expanding the beef herd requires time to cycle through production, suggesting that supply recovery in 2026 may be limited. Market analysts caution...