Some cow hides have become worthless due to curtailment of car manufacturing
With car manufacturing greatly curtailed in Europe, some cow hides have become worthless, which is further reducing cattle prices.
But “serious devaluation of finished livestock prices, as key market channels and certain EU markets are effectively closed, and the mix of sales through retail outlets is skewed heavily towards lower value cuts” was the main market impact identified by Irish beef processors due to the Covid-19 pandemic.
