Even though the Korean beef auction plummeted, 100,000 beef cattle were raised

Published 2023년 1월 20일

Tridge summary

A recent event was held to offer discounts on Korean beef due to falling auction prices, despite consumer prices remaining high and an increase in the number of Korean and beef cattle raised. This increase is attributed to producers reducing supply, as highlighted by data showing a slight decrease in the number of these cattle in the latest quarter, but a 2.9% increase from the previous year. Concurrently, the number of pigs raised experienced a slight decrease, while the breeding of sex chickens resulted in a 2.2% increase in the number of laying hens. The event also noted a significant decrease in the production and wholesale prices of beef, but consumer prices fell only slightly.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Citizens who visited the “100 Korean beef discount event for price stability” held at the Yangjae branch of Nonghyup Hanaro Mart in Seocho-gu, Seoul on the 9th buy beef. 2023.1.9 News 1 Hanwoo auction prices plummeted, but beef consumer prices are still at a high level, and at the end of last year, the number of Korean cattle and beef cattle raised was found to have increased by more than 100,000 compared to the previous year. On the other hand, in the aftermath of avian influenza (AI), broilers and The number of ducks raised decreased. According to the "2022 4th Quarter Livestock Trend Survey Results" announced by the National Statistical Office on the 20th, the number of Korean and beef cattle raised was 3,694,000 as of December, a slight decrease from the previous quarter, but compared to the previous year. Compared to that, it increased by 2.9% (104,000 heads). The recent increase in the number of cows raised despite the fact that the consumer price of beef is not low is ...

Source: Donga