South Korean beef calf prices are falling, breeders advised to prepare

As the price of Korean beef calf is on the decline, it has been pointed out that farmers who mainly breed Korean beef should be particularly prepared. GS&J Institute made this statement through ‘Hanwoo Trend’ announced on the 15th. The wholesale price of Korean beef (based on 1 kg of carcass) peaked at 22,610 won in September last year, and then began to decline, dropping to 19,966 won in January of this year. This is a 2.1% decrease from the price in January last year (23,395 won). As the decline in the wholesale price of Korean beef started in earnest, the intention to stock up calves rapidly cooled, leading to a decline in calf prices. In January of this year, the average price per calf (6-7 months old) was 3353,000 won. This is a 22.8% decrease compared to September last year (4,341,000 won) and 11.7% lower than in January of last year. The 'calf price multiplier' estimated using the wholesale price of Korean beef and the price of veal has been maintained at ...