ANALYSIS: Optimism Surrounds UK Beef Ahead of King's Coronation
UK’s weather may be unpredictable, but one thing for certain is the British’s love of outdoor cooking whenever the opportunity presents itself. With the king’s coronation taking place on May 6, bullish traders expressed some optimism that the event could lend support to the beef market and there were areas of additional demand as retailers work to secure inventories for the weekend celebrations.
It seems plausible that the retail sector will benefit from the event more than foodservice as a lot of people are expected to watch the event...
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