Beef Prices To Stabilise, As Cattle Numbers Soar

SOUTH KOREA - As cattle numbers hit record highs, beef prices are expected to stabilise.
calendar icon 26 July 2011
clock icon 1 minute read

The number of cattle in South Korea hit a record high in June and is expected to grow further for a couple of years, helping stabilise beef prices, the government commented.

The Ministry for Food, Agriculture, Forestry and Fisheries said that the country had 3.05 million head of beef cattle (hanwoo) as of last month, up 4.5 per cent from a year earlier and the largest ever recorded.

Despite 110,883 head of hanwoo being culled to contain the foot-and-mouth disease outbreak that hit the country from November through April, the cattle number expanded as farmers raised more calves.

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