Retail demand for beef products skyrockets, restaurant demand tanks
MEDICINE HAT, AB – The Alberta and Canadian beef sector is continuing to see a unified message from cow-calf operators, feedlot associations, breeders, processors and marketing groups in response to the COVID-19 pandemic.
Thursday saw the heads of the different sectors once again hold a National Beef Industry town hall to discuss the sector’s response to the rapidly changing landscape.
“Beef demand at retail is up significantly – 50 to 75 per cent. Consumers have aggressively stocked up on groceries and supplies at home,” Micheal Young, president of Canada Beef, said during the town hall. “Unfortunately, the food service and hospitality sector has been hit the hardest with reports from 50 to 90 per cent deceases in demand, depending on category.”
Young, whose organization markets Canadian beef nationally and internationally, told CHAT News Today demand was and continues to be solid but the shift to the retail sector has been dramatic.