Combing the beef market news in order to analyze the relevant data can be very easily done with the help of industry experts. First of all, we need to note the huge impact that the Covid pandemic had on the evolution of the beef industry. There has been a disruption in logistics, which led to a huge decrease in the availability of materials for animal feed. Because of that, there was an increase in the costs incurred by farm owners to raise the feeder cattle, and this has also influenced farm production.
The demand for beef meat in the market increased a lot. Because of the imbalance in the supply and demand for beef products, cash prices for such products also boomed. There has also been a huge rise in the demand for branded products. In other words, consumers are becoming more and more aware of the dangers posed by beef which was raised with growth hormones and antibiotics.
Strict regulations and laws have been introduced both in the USA, and in Europe, which force producers to use labels for their products which clearly specify their exact content, in order to increase consumers’ trust in such products and thus facilitate the growth of the beef industry in the near future.
