Coronavirus: UK beef market concerns ‘intensify’
The British beef sector remains under continued pressure from the near-complete closure of the foodservice industry, according to the latest market analysis.
The ceasing of trade to hotels, restaurants and pubs produced a destabilising effect on the market prices for both lamb and beef as a result of the coronavirus crisis.
In particular, carcase balance issues persist with the lack of this traditional market for more high value beef cuts, such as steaks.
Concern is compounded by the closure of many national fast-food service providers and the changes in demand from manufacturing beef businesses.
Processors are facing challenges around switching to selling to other markets, and maintaining demand for their preferred cuts.
According to analysis by Hybu Cig Cymru- Meat Promotion Wales (HCC), the all prime cattle average market price in England and Wales has been fluctuating since the start of the year.
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