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Korea Beef Industry Overview February. 27, 2008 USMEF/Korea

Korea Beef Industry Overview February. 27, 2008 USMEF/Korea. Livestock Status in Total Agricultural Production. Sourced by Ministry of Agriculture & Forestry (MAF). Livestock Inventory. Unit: ‘000 Head. 9,605. 9,382. 9,231. 8,962. 8,908. 2,033. 1,841. 1,633. 1,472. 1,276. 203. 192.

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Korea Beef Industry Overview February. 27, 2008 USMEF/Korea

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  1. Korea Beef IndustryOverviewFebruary. 27,2008USMEF/Korea

  2. Livestock Status in Total Agricultural Production Sourced by Ministry of Agriculture & Forestry (MAF)

  3. Livestock Inventory Unit: ‘000 Head 9,605 9,382 9,231 8,962 8,908 2,033 1,841 1,633 1,472 1,276 203 192 185 178 166 Sourced by National Agricultural Products Quality Management Service (NAQS)

  4. No. of Farms # of Hanwoo Farm # of Hog Farm 182,593 187,740 178,721 15,242 12,290 9,832 Unit: No. of farm Sourced by National Agricultural Products Quality Management Service (NAQS)

  5. No. of Headper Farm Unit: No. of cattle Unit: No. of hog 976 11.3 729 8.6 605 6.9 Sourced by National Agricultural Products Quality Management Service (NAQS)

  6. Meat Per Capita Consumption (PCC) 19.7 18.1 17.9 17.8 17.3 Unit: Kg Red – Beef Blue -Pork 8.1 7.5 6.8 6.8 6.6 Forecast by KREI Sourced by Korea Meat Trade Association (KMTA)

  7. No. of Domestic Cattle Slaughter Unit: Head 493,902 361,935 131,700 122,160 Sourced by Korea Meat Trade Association (KMTA)

  8. Korea Beef Production vs. Consumption Unit : ‘000 M/T 390 333 316 327 46.9% 47% 48% Self-sufficiency 36.1% 44% 172 152 156 144 141 Sourced by Ministry of Agriculture & Forestry (MAF)

  9. Hanwoo Price Trend Unit: USD (Based on daily basic rate) USD 4,674 USD 4,353 USD 4,101 USD 4,169 USD 2,750 USD 2,070 Korea-U.S FTA Agreement Sourced by National Agricultural Cooperative Federation (NACF)

  10. Korea Beef Import 2003. Dec, 23 BSE case informed and was allowed to customs clearance about completion of imported volumes inspected by Dec 22nd. Custom Clearance Basis M/T 325,823 224,036 219,604 186,630 160,096 95,671 25,427 14,111 Sourced by Korea International Trade Association (KITA)

  11. Beef - Domestic Supply vs. Import ‘000 M/T 325 212 219 178 171 160 158 152 144 141 Domestic supply forecast by KREI Sourced by Ministry of Agriculture & Forestry (MAF)

  12. Korea Beef Import by Cut (2003 vs 2007) 160,699 M/T 58,338 49,732 9,917 Quarantine Inspection Basis Sourced by Korea Meat Trade Association (KMTA)

  13. Beef Import Status in 2003 vs 2007 Total 325,823 M/T in 2003 Total 219,604 M/T in 2007 U.S. 6.4% Mexico 1.9% NZ 8 % Canada 2 % NZ 18.4% Australia 21 % U.S. 69 % Australia 73.3% Custom Clearance Basis Sourced by Korea International Trade Association (KITA)

  14. Thank You!

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