South Korea: Livestock and Products Annual
Korean beef production will increase slightly in 2018, supported by calf production that is marginally higher than previously forecast. Producer outlook turned more positive throughout 2017 as expectations for higher local beef prices grew. Growing consumption will outpace local production, with the gap to be filled by imports, particularly by cost-competitive U.S. beef. The pork sector continues to expand, with producers seeking to fill the void left by reduced poultry consumption and higher demand for domestic pork from the processing industry.
