Smart agriculture

[Big data of beef cattle] Big shots talking about the bull market: when will the beef cattle market bottom out?

Source: Agricultural TV Network 2024-05-15 19:06:05

In 2024, the beef cattle market will continue to be weak and the price will continue to fall. Beef prices have continued the downward trend since the end of 2022, and there is no sign of price recovery so far. According to the monitoring of the Ministry of Agriculture and Rural Affairs, as of 14:00 on May 14, the average price of beef in the national agricultural products wholesale market was 63.13 yuan/kg, 0.7% lower than yesterday, and the wholesale price of beef had dropped by about 12% compared with the beginning of the year. In terms of retail price, the average price of beef nationwide was 73.41 yuan/kg, down 1.0% from the previous week and 14.6% year on year. Beef prices in Hebei, Liaoning, Jilin, Shandong, Henan and other major provinces were 60.43 yuan/kg, down 1.4% from the previous week, with a year-on-year decline of more than 15%. In terms of live cattle, according to the official website of Shandong Provincial Animal Husbandry and Veterinary Bureau, the price of beef cattle in Shandong will be 22-23 yuan/kg in the 15th week of 2024, with a year-on-year decrease of 35-40% and a month on month decrease of nearly 10%. In May, the price of live cattle has dropped to about 20 yuan/kg.

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