South Korea: Livestock and Products Semi-annual
Link to report:
The outbreak in Korea of Novel Corona Virus 2019 (COVID 19) in January 2020, is creating significant economic headwinds, reducing demand for animal protein. The fall 2019 outbreak of African Swine Fever (ASF) remains largely contained in Korea, with no new detections in commercial herds since October 9. Consumer concerns related to pork safety and ASF combined with continued herd expansion have driven pork prices lower than expected, reducing opportunities for international exporters. The domestic cattle herd is also expanding and beef production growing, limiting the demand for imported beef.
