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introduction
What's going on? The topic of beef price reduction is so popular on the Internet! Everyone seems to be living a "beef free" life, but this may actually mean that the entire beef industry is changing. Since the beginning of the year, beef prices have fallen for 18 consecutive weeks, falling back to 2019 levels. Thankfully, the price reduction has not only reduced the income of cattle breeders, but also affected the balance of the entire industry.
Why are beef prices falling?
The amount of beef in our country is rising rapidly, which is the biggest reason why the price of vegetables has fallen! Did you know? In 2023, our national output will reach 7.53 million tons, which is higher than the target we set! How is it possible for the market to digest it all?
Then, the price of imported beef also began to rise wildly! In 2023, China's total imports of beef and mutton will reach 2.74 million tons, 1.8% more than last year. In 2024, it is even more exaggerated, taking the first quarter as an example, the import volume actually increased by 22% year-on-year. Now, the market supply is sufficient, and the price is also down.
The plight of farmers
Cattle prices have fallen, and so have cattle farmers. Now the beef cattle sold are only 21 yuan per kilogram, and you have to lose nearly 6,000 yuan to raise one, which is a big problem!
Unexpectedly, it is becoming more and more difficult to make money from pig farming. You see, the price of feed and workers' wages has risen dramatically, the price of pork has come down, but there is less money. Therefore, many small bosses have to wonder whether to leave the industry and start some other business.
Changes in consumers
For us consumers, the drop in beef prices is a good thing! If you go to the supermarket, you will know that the beef in most places has fallen to the "three-word head", and in some places it is even lower. For example, in the Chaoyang Farmers' Market in Wuxi, fresh beef ribs are only sold for 32 yuan a catty, which is much cheaper than before.
However, whether this price reduction can continue, and whether it will trigger industry adjustments in the future, consumers have to think about it. After all, consumers still want a stable and healthy beef market.
The impact of the industrial chain
The drop in beef prices is not only a concern for our cattle breeders and meat buyers, but also involves all aspects of the entire beef industry! Including feed mills, slaughterhouses, logistics companies, supermarkets, etc., any link may be affected by this price change.
Especially in the things that cattle eat, the price of meat has fallen, which has caused people to be less inclined to buy it, and the sales of feed manufacturers have also been affected. For them, it could mean less money or a backlog of products that they can't sell.
The interaction between policy and the market
On the difficult issue of reducing the price of beef, the government has to stand up. They can adjust import policies or pay farmers to help them tide over the storm and stabilize the balance between supply and demand in the market.
The government can help us solve this problem too! They can strengthen market regulation and prevent vicious competition due to falling prices, so as to protect the interests of our consumers and producers. Moreover, promoting scientific and technological innovation and industrial upgrading can also improve the efficiency of pig breeding and reduce production costs~
Prospects for the future
Experts generally agree that beef prices are likely to rise in the short term, driven by seasonal influences and rising consumer demand, but will not be too expensive overall. In the long run, as long as production can keep up and the market supply and demand are balanced, beef prices may slowly recover.
However, this improvement may take a long time~ After all, the bull market adjustment is not only a matter of money, but also has many other problems, such as policy, environment, science and technology. Therefore, whether we are big brothers and sisters who raise pigs, meat eaters or comrades in government departments, we must be patient and make long-term plans!
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