Beef has fallen to the "price of cabbage", how much is a pound of beef now? Will the price of beef rise during the Spring Festival?
According to the latest data, the overall price of beef has fallen, and there is even a "cabbage price" of beef in some places. So, what is the current price of beef? It is worth expecting that the price of beef is expected to be stable and strong during the Spring Festival.
There are four main reasons for the decline in beef prices. First of all, the increase in supply is a big reason for the decline in beef prices. In recent times, domestic farmers have stocked up on beef, which has led to a significant increase in the supply of beef in the market. Secondly, the increase in imported beef is also one of the factors that contributed to the decline in prices. In recent years, the demand for imported beef has been increasing in the mainland, and the increase in imports has made the supply of beef in the market more abundant. Thirdly, weakening consumer demand is also one of the reasons for the decline in beef prices. Especially affected by the epidemic, many people choose to stay at home for the New Year and do not go out for dinner, resulting in a decrease in the consumption demand for high-end meat such as beef. Finally, the continued decline in pig prices has also had a certain impact on beef prices. Due to the drop in pork prices, some consumers have switched to buying pork, reducing the demand for beef.
So, will beef prices rise during the Spring Festival? According to market analysis, the overall beef price fluctuations during the Spring Festival are limited. It is expected that the price of live cattle will be stable to weak, while the price of hot fresh beef is expected to be stable to strong. Although consumer demand weakened during the Spring Festival, limited by the control of the new crown epidemic and people's pursuit of food, the demand for some high-end beef varieties and imported beef still exists. As a result, beef prices for these varieties are expected to remain stable or even slightly increase.
For consumers, now is a good time to buy beef. At present, the price of beef is low, and consumers can stock up on some for family dinners or gifts during the Spring Festival. Of course, we should also pay attention to choosing formal channels to ensure food safety.
In short, beef prices are falling at this stage, and overall beef prices fluctuate only during the Spring Festival. Consumers can buy at the right time according to their own needs, while paying attention to food safety issues. I wish you all a delicious beef dish during the Chinese New Year!