Market Situation of China's Live Cattle, Beef, and Raw Milk in September 2024

1. Live Cattle

In September 2024, the average price of live cattle in the national market was 25.46 yuan/kg, which is an increase of 0.95% compared to the previous month; compared to the same period last year, it decreased by 21.81%.

Comparing data for September over the past few years, the average price of live cattle in the national market from 2022 to 2024 was 31.39 yuan/kg, with the highest value reaching 36.14 yuan/kg in September 2022 and the lowest value being 25.46 yuan/kg in September 2024. From the trend of changes in the national live cattle market prices month by month, there has been a rising trend in September 2022, September 2023, and September 2024; from the trend of changes in the national live cattle market prices year-on-year, there has mainly been an upward trend in September 2022, while September 2023 and September 2024 saw a decline.

From monitoring data over the past 13 months, the average price of live cattle in the national market fell from 32.56 yuan/kg to 25.46 yuan/kg between September 2023 and September 2024, with the monthly fluctuation of the corresponding month-on-month increase/decrease ranging from 2.58% to 0.95%; the peak was 32.56 yuan/kg in September 2023, and the trough was 24.95 yuan/kg in July 2024; mainly in the period from October 2023 to July 2024, there was a continuous falling trend, while other monitoring time points showed a rising trend, and there has been a continuous increase for two months from August 2024 to now.

Looking at the provinces, in September 2024, the average price of live cattle in the markets of Sichuan Province, Hunan Province, Yunnan Province, Guangdong Province, Guangxi Zhuang Autonomous Region, Guizhou Province, and Chongqing Municipality ranged from 23.87 to 34.81 yuan/kg. Among them, Chongqing Municipality had relatively lower prices; Guangxi Zhuang Autonomous Region had relatively higher prices; Chongqing Municipality, Guizhou Province, Yunnan Province, and Sichuan Province had prices below the national average; Hunan Province, Guangdong Province, and Guangxi Zhuang Autonomous Region had prices above the national average.

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2. Beef

In September 2024, the average price of beef in the national market was 68.22 yuan/kg, which is a decrease of 0.25% compared to the previous month; compared to the same period last year, it decreased by 17.53%.

Comparing data for September over the past few years, the average price of beef in the national market from 2022 to 2024 was 79.57 yuan/kg, with the highest value reaching 87.76 yuan/kg in September 2022 and the lowest value being 68.22 yuan/kg in September 2024. From the trend of changes in the national beef market prices month by month, there has mainly been a rising trend in September 2022 and September 2023, while September 2024 saw a decline; from the trend of changes in the national beef market prices year-on-year, there has mainly been an upward trend in September 2022, while September 2023 and September 2024 saw a decline.

From monitoring data over the past 13 months, the average price of beef in the national market fell from 82.72 yuan/kg to 68.22 yuan/kg between September 2023 and September 2024, with the monthly fluctuation of the corresponding month-on-month increase/decrease ranging from 1.03% to -0.25%; the peak was 82.72 yuan/kg in September 2023, and the trough was 68.22 yuan/kg in September 2024; mainly in September 2023 did there appear a month-on-month rising trend, while other monitoring time points showed a falling trend, and there has been a continuous decline for 12 months from October 2023 to now.

Looking at the provinces, in September 2024, the average price of beef in the markets of Sichuan Province, Hunan Province, Yunnan Province, Guangdong Province, Guangxi Zhuang Autonomous Region, Guizhou Province, and Chongqing Municipality ranged from 70.75 to 100.85 yuan/kg — all above the national average. Among them, Guizhou Province had relatively lower prices; Guangxi Zhuang Autonomous Region had relatively higher prices.

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3. Raw Milk

In September 2024, the average price of raw milk in the national market was 3.72 yuan/kg, which is a decrease of 0.27% compared to the previous month; compared to the same period last year, it decreased by 10.79%.

Comparing data for September over the past few years, the average price of raw milk in the national market from 2022 to 2024 was 4.13 yuan/kg, with the highest value reaching 4.49 yuan/kg in September 2022 and the lowest value being 3.72 yuan/kg in September 2024. From the trend of changes in the national raw milk market prices month by month, there has mainly been a rising trend in September 2022, while September 2024 saw a decline; from the trend of changes in the national raw milk market prices year-on-year, there has mainly been an upward trend in September 2022, while September 2023 and September 2024 saw a decline.

From monitoring data over the past 13 months, the average price of raw milk in the national market fell from 4.17 yuan/kg to 3.72 yuan/kg between September 2023 and September 2024, with the monthly fluctuation of the corresponding month-on-month increase/decrease ranging from 0.00% to -0.27%; the peak was 4.17 yuan/kg in September 2023 and October 2023, and the trough was 3.72 yuan/kg in September 2024; except for September and October 2023 where the fluctuation was relatively small (month-on-month unchanged), other monitoring time points showed a falling trend, and there has been a continuous decline for 11 months from November 2023 to now.

Looking at the provinces, in September 2024, the average price of raw milk in the markets of Chongqing Municipality, Guizhou Province, Guangdong Province, Sichuan Province, and Yunnan Province ranged from 3.86 to 5.22 yuan/kg — all above the national average. Among them, Yunnan Province had relatively lower prices; Chongqing Municipality had relatively higher prices.