Livestock product shipment information in South Korea (November 28 to December 2): Increased year-end demand and price rebound

The price of Korean beef has rebounded. The recent decline has temporarily rebounded on discount sales by retailers and increased demand for year-end parties. Although the downward trend of Korean beef prices is expected to be prolonged, there is no significant drop for the time being, as the peak season at the end of the year and the beginning of the year and the Lunar New Year holiday (January 22nd) early next year are expected. A total of 9,179 Korean cattle were auctioned at the national wholesale market, down 5.25% from the previous week. The average meridian value of Korean castrated cattle was 18,959 won per 1 kg of carcass, up 289 won from the previous week. Grade 1++A increased by 378 won to 23,357 won per kg, ...