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Golden Ten Data reported on April 3rd that pork price reductions have recently become a trending topic. A visit to several farmers' markets and supermarkets revealed that wholesale prices have dropped significantly, while retail prices are showing a steady decrease. There is also a slight difference in perception across various channels and among consumers. "Currently, pork prices have fallen to the lowest point in nearly eight years," said Liu Tong, Manager of the Statistics Department at Beijing Xinfadi Agricultural Products Wholesale Market. As the largest "vegetable basket" in Beijing, Xinfadi's price trends serve as a benchmark. Data on April 3rd shows the average price for lean pork carcasses was 6.3 yuan per 500 grams, and for fatty pork carcasses it was 5.75 yuan per 500 grams; last year during the same period, the prices were 9.15 yuan and 8.25 yuan respectively, representing a year-on-year decrease of about 30%. The drop in meat prices has directly stimulated consumption. Liu Tong revealed that some workplace cafeterias have recently increased their pork procurement significantly, with some even surpassing pre-Chinese New Year levels. The cost-effectiveness advantage, where meat is now cheaper than some vegetables, is being more widely recognized.

ChainCatcher news, according to Golden Ten Data, today's stock market is closed due to the Easter holiday, but the bond market remains open, with trading continuing until noon local time. Investors have interpreted the new data as allowing the Federal Reserve to focus on lowering inflation amid a stable labor market, which could mean higher interest rates. The yield on the two-year U.S. Treasury, which is sensitive to changes in interest rate expectations, rose sharply to 3.85% after the data was released.

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