Beef and lamb among few sectors which can stay positive

THE beef and lamb businesses are among the few sectors which can remain positive about the dangers of a possible global economic upheaval, according to Northern Ireland’s Livestock and Meat Commission (LMC).

“Consumers did not abandon beef altogether during the last recession, and that will not happen this time around either,” say LMC experts.

Demand, particularly for higher end product, may be impacted, but it should be remembered that supply as well as demand determines price. “If we are once again on the verge of a serious recession, it is somewhat fortunate that beef supplies over the coming year are predicted to be tight.”