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Quality Meat Scotland says skins and hides prices are particularly low in the UK and globally because of fashion and consumer spending shifts. Coronavirus restrictions have added short-term pressure on leather demand.
Revenue from co-products is influencing farmgate prices.
Low hide revenue reduces processor margins for cattle, which can weigh on the prices paid to farmers. The effect on feed ingredients is minimal.
meatmanagement.com2020-07-27T00Jul 27, 2020
farminguk.comFarmingUK TeamJul 25, 2020Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
