Beef price increases are accelerated by 10 yuan / kg a week.

Beef prices have risen steadily since the beginning of this year. According to the market monitoring of the Ministry of Agriculture, as of 14:00 on December 15, the average price of beef in the national wholesale market was 35.48 yuan / kg, up 0.1 percent from the previous day. In mid-May, the average wholesale price of beef was 32.26 yuan per kilogram, which is estimated to have risen by nearly 10% in the past six months.

At the same time, Guangzhou media recently reported that the retail price of beef in some local markets has risen by 10 yuan / kg in just one week. Agricultural information network data show that nationwide, the wholesale price of beef in more than 40 yuan / kg of agricultural batch market is not a small number. In Beijing Yuegezhuang Wholesale Agricultural products Market, the wholesale price of beef even reached 48 yuan / kg.

If the price of beef rises, the relevant boss companies may benefit. Among them, Fucheng Wufeng (600965, stock bar) (600965) mainly engaged in beef cattle breeding, slaughtering, processing and live cattle and beef products sales, live cattle and beef business revenue accounted for 59% of the company's revenue in 2010. As for the reason why beef prices have continued to rise this year, he Yong, the company's securities representative, said it was mainly driven by the rise in the price of raw materials.

Industry insiders believe that since the beginning of this year, feed prices have been running high and beef production is insufficient, resulting in an imbalance between supply and demand; coupled with the increase in labor costs and transportation costs, and the linkage between feeding costs and price factors, has led to a rise in the retail price of beef. However, he Yong said that the rising speed of raw materials did not engulf the increase in product prices, which should benefit the company.

A staff member of the New Hope (000876) Dong Secret Office said in an interview with the Securities Times that the company's feed prices have not risen recently, and with the decline in feed raw material prices, feed prices may be lowered at the same time. For the recent acceleration of beef prices, the staff said, to a large extent, due to seasonal factors.

A person in charge of Fucheng Wufeng's factory told reporters that beef prices rose through a wave from September to October and have not fluctuated much recently, while the price of live cattle has risen slightly. The official said that with the advent of the Spring Festival, prices may rise soon.