Current status and prospects development of the beef market of the region

Abstract

Purpose: the authors identify trends and prospects for the development of the regional beef market. Discussion: the decomposition of the beef market on the separate elements, mechanism (functioning, development and regulation), structure and tools allowed to monitor the market conditions. In recent years, production declined in these farms and the volume of indicators increased in agricultural organizations. This is the positive trend allows to use the newest advanced technologies. The price situation monitoring revealed the main factors of prices formation for cattle products on the Russian market. These factors include the world prices volatility for meat products and feed production prices. Results: the authors established that the beef market prospects depend on growth of the industry investment attractiveness, increase in the actual income of the population, the formation of interregional relations, the improvement of organizational and economic relations between market participants.