🏪 Local MarketsKorea Farmers & Fishermen Newspaper (한국농어민신문)

Fewer Slaughters and Increased Consumption… Strong Auction Prices Ahead of ‘Hanwoo Day’

Fewer Slaughters and Increased Consumption… Strong Auction Prices Ahead of ‘Hanwoo Day’
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Average price of castrated cattle rose by over 25,000 won per kg in September as consumption surged coinciding with Chuseok sales. Inventories at meat packaging companies have plummeted 48% year-on-year. Slaughter volumes are projected to decrease significantly from October to December, and large-scale discount events are scheduled for November; prices are expected to remain stable due to supply shortages.

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