South Korea's beef domestic consumption and meridian price decreased (November 8-12)

The price of Korean beef has turned to a downward trend. The increase in the number of Korean cattle raised has led to an increase in production at farms, and the recent 'step-by-step recovery of daily life (with Corona)' has contributed to a decrease in domestic consumption of Korean beef. The increase in pork consumption during the kimchi season is also considered to be a factor in the price decline. In the nationwide wholesale market, 8782 cattle were auctioned, a 20.05% increase from the previous week. The average meridian value of Korean beef cattle was 21,872 won per 1 kg of carcass, 542 won lower than the previous week. 1++A grade dropped 486 won to 25,934 won per ...