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[Agricultural and Fisheries Newspaper = Reporter Park Hyeon-ryeol] The National Institute of Animal Science under the Rural Development Administration announced on the 29th of last month that it has developed a ‘real-time (smart) production management system for Korean beef processing plants’ that enables real-time information management of the entire process from Korean beef carcass to shipment. According to the National Institute of Animal Science, the production management system for Korean beef processing plants allows real-time confirmation of information such as Korean beef receipt, partial meat packaging and processing performance report, and shipment report status. The National Institute of Animal Science has developed a real-time production management system for Korean beef processing plants and completed copyright registration, and has added a function to calculate the production yield by processed part to prevent part mixing and weight errors when processing Korean beef.

Chicago Mercantile Exchange (CME) lean hog futures fell to two-month lows on Monday, hit by profit-taking and growing uncertainty over domestic and export demand in the coming months, Reuters reported, citing market analysts. CME February lean hogs settled down 2.525 cents at 81.625 cents per pound, having reached lows of 80.900 cents per pound earlier in the session, their lowest point since Oct. 21. Fears about future pork demand from China, the world's leading pork importer, weighed on markets Monday, said Karl Setzer, partner at Consus Ag Consulting. China's economy, the second largest in the world, has struggled this year with a property crisis and tepid domestic demand. Possible hikes in US tariffs on China's goods when US President-elect Donald Trump takes office in January are also seen as headwinds to growth. Moreover, said Setzer, with the holiday season winding down in the US, traders are "starting to question how much consumer demand there will be when the holiday bills

China has launched an investigation into beef imports as an oversupply is thought to be significantly affecting domestic prices. According to Reuters, the