The rise in beef prices may continue. What are the related beef concept stocks?

The rise in beef prices may continue. What are the related beef concept stocks?

It is reported that as the new coronavirus epidemic has been effectively controlled, the catering industry across the country has gradually resumed normal operations, the demand for beef consumption has increased, and prices have continued to rise. Judging from weekly prices, the average market price of beef began to show a seasonal decline from the fourth week of February. After falling for 15 consecutive weeks, the price stopped falling and began to rise again from the second week of June, and has been rising for 10 consecutive weeks.

The price of beef stopped falling and rebounded, mainly driven by factors such as tightening supply, increased demand, high breeding costs, and the pull of live pig prices. In addition, the epidemic continues to spread around the world, causing large fluctuations in beef production and trade in the international market, and the average price of imported beef has increased year-on-year. From January to June, the average price of my country's imported beef rose by 11.8% compared with the same period last year. In addition, domestic pig prices have rebounded for 11 consecutive weeks, nearly doubling year-on-year, driving up beef prices as well.
Experts believe that beef prices will remain high in the short term. From the supply side, the national beef cattle production is steadily returning to normal, and new production capacity is expected to increase in the later period. With the arrival of the peak season for slaughtering, the production capacity of slaughtering and processing enterprises will be further released, and the supply of beef market is guaranteed. From the demand side, most catering companies have resumed normal operations, and the peak tourist season is approaching. Coupled with the effect of the "double holidays", beef prices will continue to rise in the coming period.
In the long run, affected by African swine fever, the speed of residents' consumption shifting from pork to beef has significantly accelerated, and the gap between supply and demand has rapidly expanded.

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