Butchers stable Shortening supply chains and consolidation of the meat wholesale sector are trends needing cautious interpretation, as there is still plenty of trading activity among the traditional intermediaries. Towers Thompson's deal with Larry Goodman's ABP Scotland demonstrates the resilience of companies widely regarded as likely to be squeezed out of the trade as supermarkets drew closer to abattoir operators in the 1990s. Towers has launched a Specially Selected' Scotch beef range of bone-in and boneless product sourced from ABP at Perth as part of its one stop shop policy for serving traditional butchers and caterers. Although there is little sign of a reversal in the independent butchers' market share decline, it may have stopped. Stability returning to the small retailers' sector together with foodservice share growth is significant for the multiples as it could give slaughterers a stronger non killing wholesale customer base. {{MEAT }}