Rapid spread of bovine lumpy skin disease: What is the impact on South Korean beef prices?

Published 2023년 10월 25일

Tridge summary

The rapid spread of bovine lumpy skin disease in cattle has raised concerns about the impact on Korean beef prices. However, currently, there is no significant impact on the market, and customers continue to buy Korean beef. The government and market officials believe that as long as the initial quarantine is successful, the impact on prices will be limited, but prolonged spread of the disease could lead to movement restrictions and increased culling, affecting beef prices.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Rapid spread of bovine lumpy skin disease… What is the impact on Korean beef prices? [anchor] With daily news of the spread of 'lumpiskin disease' in cattle, there are concerns that the price of beef, which has been relatively stable in shopping carts, may also rise. So far, there appears to be no significant impact on the market, but the most important thing is whether the initial quarantine is successful. This is reporter Seo Hyung-seok. [reporter] A livestock market in Seoul where you can buy Korean beef at a cheaper price. News of the spread of 'lumpiskin disease' in cattle, whose name is unfamiliar, is heard every day, but the flow of customers continues. “I heard on the news that no one was harmed, so I came here because I wanted to buy it.” Looking at the changes in Korean beef meat prices after the outbreak of lumpy skin disease in Korea, the wholesale price in the auction market rose by about 10%, while the retail price fell for each part. Considering that wholesale ...

Source: Yonhapnewstv