Livestock product oversupply expected… Consumption of ‘animal welfare’ certification likely to increase

The biggest challenge facing the livestock industry in the new year is expected to be ‘oversupply.’ On the 3rd, the Livestock Products Quality Evaluation Institute observed this at the ‘2024 Livestock Distribution Fair’ held at its headquarters in Sejong City and presented three keywords through three experts from the production, distribution, and consumption sectors. ◆Production sector… ‘Value-empathizing livestock farming,’ ‘intelligent resource optimization,’ and ‘black-and-white producers’ = Professor Lee Hak-gyo of the Department of Animal Biotechnology at Chonbuk National University said, “Next year, there is a high possibility that the oversupply of livestock products will exert downward pressure on the livestock industry production sector,” and “As foreign livestock products are deeply embedded in the domestic consumer market, it is no longer an era where they can be sold after production, but an era where we must decide how to sell them.” He also predicted, “Next year, ...