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07

2022

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12

China's Imported Beef Market Today

Source:

OIG+X

Beef futures price is still rising. For example, the offer price of beef 6-cut has risen from US $5,050/T to US $5,200/T. The mainstream offer of some parts, such as the beef forequarter of 7-cut, 8-cut, beef knuckle showed an upward trend, with an increase of 100-200 US$/T.

Beef futures price is still rising. For example, the offer price of beef 6-cut has risen from US $5,050/T to US $5,200/T. The mainstream offer of some parts, such as the beef forequarter of 7-cut, 8-cut, beef knuckle showed an upward trend, with an increase of 100-200 US$/T.

 

However, prices of some beef cuts declined a little, and there is no prominent market price trend. The proportion of price increases is not high. The prices of most products continue to remain stable. There are differences among traders to adjust the price. The spot market is not inclined to price increases. Ports still saw the loss of canceling beef product orders.

 

Last week, as many cities in China embraced more eased covid-19 prevention and control policies, a lot of attention have been paid to China's imported beef market. The following picture is a summary of the price and market sentiment feedback from our Weekly Report.