Korea: Jeju Hanwoo, 44.5% appearance rate of two-horned cattle

Frozen Bone-In Beef
South Korea
Regulation & Compliances
Market & Price Trends
Published Dec 7, 2023

Tridge summary

The number of Korean beef farms has decreased by 109 (22.6%) from 2013 to 2019, while the total number of Korean cattle in the area increased by 4,670 (28.1%). The increase in cattle is attributed to the improvement in breeding technology and farmers' recognition of the need to improve Korean beef quality. However, farmers are currently facing challenges of soaring feed prices and falling beef prices due to over-breeding, and it is predicted that the decline in prices will continue until next year.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Over the past 10 years, the number of Korean beef farms has decreased, while the number of them has increased. The appearance rate of so-called two-horned beef, which boasts the best marbling, also increased during the same period. Jeju City announced on the 6th that as a result of analyzing trends in the Korean beef industry, the number of breeding farms within the jurisdiction decreased by 109 (22.6%) from 483 in 2013 to 374 last year. This is analyzed to be due to the aftermath of the decline in cattle prices immediately after the Korea-US Free Trade Agreement (FTA) took effect in 2012 and the closure of small farms due to the continuous demand for facility improvement in accordance with environmental regulations and quarantine. On the other hand, during the same period, the total number of Korean cattle in the district increased by 4,670 (28.1%) from 16,621 to 21,291. The number of Korean cattle raised decreased until 2015 (15,331 head) in the aftermath of the Korea-US FTA ...
Source: JejuIlbo
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