Pork and beef supplies decreasing, prices rising...both domestic and imported products up.

(Seoul=Yonhap News) Reporter Kim Yoon-gu = The prices of livestock products are continuing to rise in the second half of this year. According to the livestock distribution information from the Livestock Product Quality Evaluation Service on the 19th, the prices of beef and pork are higher than last year, regardless of domestic or imported products. Hanwoo prices, which fell last year due to oversupply, have risen this year, making prices higher than the average year in some parts. The average retail price of 1st grade Hanwoo loin is 11,900 won per 100g, which is 3.8% higher than last year and similar to the average year. 1st grade chuck is 14,270 won per 100g, which is 11.8% higher than last year and 7.7% higher than the average year. Rib eye, commonly used for home cooking, is 9.4% higher than last year and 3.7% higher than the average year. An official from the Ministry of Agriculture, Food and Rural Affairs said, "The price of beef fell too much last year due to oversupply, and ...