Since early August, China’s beef wholesale market has witnessed significant increases in prices in several regions, including Beijing and Xinjiang. However, most of the country’s beef wholesale markets have seen little fluctuations overall. The price of pork has finally stopped its soaring trend and has seen a slight decline. According to the analysis of relevant experts from Shengnong Jinnong.com, the fluctuation of pork prices was mainly due to the state's introduction of the policy of subsidy for live pigs and the lifting of the fishing prohibition. The listing of a large number of seafood products had a certain impact on the price of pork, and beef demand was also affected. Certain inhibitions.
The left table shows the price trend of beef in wholesale markets around the country (unit: RMB/kg). We can see that the price increase in some cities is quite obvious. In Beijing, the wholesale price of beef rose from the original 18.5 yuan/kg to 20 yuan/kg in less than a month.
According to international sources, the UK has recently launched a more serious foot-and-mouth disease outbreak. Bolivia has also discovered livestock suspected of contracting foot-and-mouth disease. Many countries have ceased trading of animal husbandry products between the two countries. The outbreak of the epidemic has, to a certain extent, increased the export volume of Chinese beef. The Chicago Board of Trade announced on August 9 that the current price of beef futures is gradually rising.
The rise in the price of milk powder will also have a certain impact on the price of beef. The dairy farming industry that has declined for nearly three years will be rekindled. At present, the price of milk and milk products has risen by 10% in some countries in the European Union, and domestic milk powder prices have also risen very high. This will, to a large extent, affect some of the beef cattle farmers moving to dairy farming, resulting in a reduction in the number of beef cattle.
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