It was predicted that the price of Korean beef, which had been strong due to the Corona 19 crisis, will turn downward after Chuseok.

According to the 'Hanyukwoo June issue', a livestock observation data released by the Ministry of Agriculture and Observation every month, the wholesale price of Korean beef grade 1 from March to May was 1,805,000 won per kg, up 14.1% from the same period last year.

The Ministry of Agriculture and Observation analyzed that corona 19 increased the number of people who eat home-cooked food, and the emergency disaster support fund was released in the middle of this month.

Demand for Korean beef from March to May is estimated to have increased by 19.5%, and the share of domestic consumption has reached about 74%.

It is expected that it will be difficult for the Korean beef price to continue to strengthen.

The Ministry of Agriculture and Observation predicted that the recent increase in demand would be reduced from the previous quarter from July if consumers exhausted their aid in May or June due to the sparkling effect of emergency disaster payments.

With the resumption of catering and group meals, home consumption will also accelerate demand for Korean beef.

The Agricultural Observation Headquarters predicted that the wholesale price of Korean beef would remain high until June-August and show a downward curve after Chuseok.

When the economic recession is aggravated, the expected wholesale price of Korean beef grade 1 is 18,000 to 18,000 won per kg in June and August, and 15,000 to 16,000 won in September and November.

If the economic recession eases, I predict that from June to August will rise to 19,000 to 20,000 won, then to fall from 18,000 to 18,000 won from September to November.

The Agricultural Observation Headquarters advised, "As demand decreases, cattle breeding and slaughter digits may be excessive, so livestock farmers need to adjust the number of digits raised through cow reduction."