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14

2022

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12

Analysis of China's Imported Beef Spot Market on Dec 14

Source:

OIG+X

The spot market of imported beef is in a strong wait-and-see atmosphere as a whole, and most of the holders have not adjusted their quotations. Judging from the quotation, there are few fluctuations in the mainstream prices of parts today, but the quotations of single products are varied.

The spot market of imported beef is in a strong wait-and-see atmosphere as a whole, and most of the holders have not adjusted their quotations. Judging from the quotation, there are few fluctuations in the mainstream prices of parts today, but the quotations of single products are varied.

 

Today, the overall turnover of the beef spot market is not good, and there was no obvious demand for products in the wholesale trade link and the terminal buyers, so the overall wait-and-see atmosphere was strong. In terms of price, the overall market price is stable today, with few changes in mainstream quotations. On the whole, there are still some products with chaotic quotations today, and the difference between high and low prices is about 5.5-6 yuan/kg.

 

For example, the 80VL price of Brazil beef flank is mostly 36.5-42 yuan/kg, the mainstream price is 38 yuan/kg, and the difference between high and low prices is 5.5 yuan/kg; The price of Brazilian tender shoulder ranges from 49-55 yuan/kg, and the mainstream price is 53.5 yuan/kg, the difference between high and low prices is 6 yuan/kg; Argentina beef forequarter is quoted at 38-44 yuan/kg, mainstream price is 41.5 yuan/kg, and high low price difference is 6 yuan/kg.

 

From the perspective of market offer, the difference of plant number and the shipping intention of the holders have caused confusion in the quotation of some products. In contrast, the price of combination packs are mostly the same. For example, the price of the Brazil beef forequarter of 8-cut today is 44.5-49 yuan/kg, the mainstream price is stable at 46.5 yuan/kg, and the difference between high and low prices is 4.5 yuan/kg. The mainstream quotation of JBS's plant SIF385 is about 47-48 yuan/kg, and the quotation of plant SIF504 is 49 yuan/kg or above; Minerva mainstream quotation is about 47 yuan/kg, while the mainstream quotation of plant SIF1365/1811 is about 47-48 yuan/kg.