The Warning Signals in the Beef Market Foreshadow Adjustments and Upgrades in the Beef Cattle Industry Chain——Analyzing the reasons behind the decline in China's beef prices since 2023
Beef cattle farming is one of the key industries for increasing the income of farmers in China.Since 2023,due to the continuous decline in beef market prices,China's beef cattle industry has reached a critical moment for transfor-mation and upgrading.In the current and future period,the development of China's beef cattle industry will show trends such as a slowdown in production capacity growth,regional concentration,enhanced level of scalability,and upgrading of downstream channels.However,there is still a long way to go in terms of innovation,cost reduction,and efficiency en-hancement.Therefore,it is necessary to have a rational understanding,adhere to market orientation,provide appropriate poli-cy support,and guide the upgrading and efficiency improvement of the beef industry.
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