Danish Crown feels the impact in beef markets across the EU
Coronavirus outbreaks in Europe is impacting beef sales for Danish Crown. The company announced that exports of beef from heavy cows over 350 kg slaughter weight (700 kg live) are the worst hit due to a decline in prices in southern Europe. "Southern European countries are badly affected by the Coronavirus, which means that some animals are more difficult to translate at the right prices. Danish Crown Beef traditionally has a good market in southern Europe for high-priced goods, but due to the current situation with Coronavirus in large parts of Europe and especially in southern Europe, it is recommended that the animals that normally find marketing in these markets are kept at home," said the company in a press release.
Farmers are advised to keep these animals in stables until the situation comes back to normal, considering the fact that not even the domestic market can't absorb these volumes of meat.
The development in the Danish market shows that there is generally a nice demand for beef and veal, but it is especially a very high demand for minced beef that is decisive in the market.
"Danish Crown Beef's factories focus on maintaining production, and all necessary precautions are taken in both Aalborg, Holsted and Sdr. Felding. There is a great deal of support among the employees to secure the slaughter, and the production of minced beef takes place at the highest capacity. Registration for the coming week gives full slaughter, which is why we again urge you to keep the finished animals at home and instead focus on cows in form classes 1, 2, 3, and 4 for minced meat," added the company.
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