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12

2023

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01

Analysis of Beef Spot Market Today

Source:

OIG+X

Today, the spot market price and transaction volume of imported beef continue to remain stable, the market circulation is still mainly concentrated in the secondary and tertiary wholesale market, and the participation of the holders in the bulk trade chain has declined.

 

Today, the spot market price and transaction volume of imported beef continue to remain stable, the market circulation is still mainly concentrated in the secondary and tertiary wholesale market, and the participation of the holders in the bulk trade chain has declined.

 

As the end of the year approaches, the spot market price of imported beef continues to stabilize today, the terminal catering traders continues to purchase, and transactions continue to be concentrated in the wholesale market.

 

From the perspective of today's market, with the continuous shutdown of trans-provincial logistics, large trade transactions have mostly stopped, and many cargo holders are doing the concluding work at the end of the year. The overall participation in the offer is not high, and the market volume has declined. Some companies are still active in offering and selling, while some companies have a large gap between the price of goods and the mainstream price of the market in order to promote inventory clearing before the year.

 

Today, Brazilian neck meat is 42.5 yuan/kg (6,343US$/T), breast meat 38.5 yuan/kg (5,746US$/T ), outside flat 97VL 50.5 yuan/kg (7,537 US$/T). Argentine beef eyeround is 97VL 58 yuan/kg (8,657US$/T), fore quarter 41 yuan/kg (6,119 US$/T), shin 56.5 yuan/kg (8,433 US$/T). Uruguayan front breast with bone is 32.5 yuan/kg (4,851 US$/T), beef forequarter 90VL 38 yuan/kg (5,672 US$/T).

 

More data like trade and market prices are included in our reports, contact us at overseas@oigcn.com to get them!