As winter approaches, there is concern over beef demand
Beef demand has been strong through the summer, but there are concerns as winter approaches
Retail and grocery food demand has leveled off and food service demand has dropped significantly as vacations have ended and foot traffic has stepped back. A Kansas State livestock market economist told the Radio Oklahoma Network, he is concerned winter could bring further decline.
Dr. Glynn Tonsor says that as we get into the winter, there are not many comfortable seating arrangements outdoors, which could have a bearish effect on the food service industry.
“I hope not to see that in the months ahead, but we certainly need to monitor that,” he said.
Dr. Tonsor added that once a vaccine is available for COVID-19, more indoor dining could be available and more consumers could be open to resuming their normal dining habits.