South Korea: Livestock and Products Semi-annual
Higher fed cattle prices in Korea last year encouraged a herd expansion that raises questions about the continued profitability of the industry in 2019. Despite the likely higher domestic production and decline in beef prices, U.S. beef exports are expected to continue to increase. The Korean hog sector is also expanding, overcoming a summer heatwave that forced the pig crop below expectations. Nevertheless, the larger herd size will drive slaughter and pork production numbers higher with an expected decline in pork prices.
