It seems that Hanwoo beef prices will rise during the Chuseok holiday season...expected to be 20,000 to 21,000 won per kg.

Prediction through September livestock observation by the Rural Economic Research Institute Slaughter volume down 1.8% from last year Fourth quarter prices also expected to be low With the focus on whether Hanwoo will be able to make a big profit ahead of Chuseok, the Rural Economic Research Institute predicted on September 5 to October 2 that the average wholesale price for Hanwoo steers during the Chuseok peak season would range between 20,000 won and 21,000 won per kg. The Rural Economic Research Institute predicted through September livestock observation that the number of Hanwoo slaughtered during the Chuseok peak season would be around 113,000 heads, down from 114,000 heads last year by about 1.8%, due to a decrease in the number of heads available for shipment. The average wholesale price per kg is expected to be 20,000 to 21,000 won, higher than last year's 19,000 won. This is a lower forecast than the average auction price of 21,245 won per kg for this month (1st to 5th) ...