July 27, 2020

 

South Korea's beef cattle hit record numbers in Q2

 

 

The number of beef cattle in South Korea hits a record high in the second quarter of 2020 amid rising beef prices, government data showed on July 23.


There were 3.33 million beef cattle, including Korean-bred cattle known as "hanwoo," in the country as of June 1, up 2.7% from a year earlier, according to the data by Statistics Korea. It marks the largest-ever tally since the statistical agency began tracking related data in 1986.


The second-quarter increase was attributed to a steady rise in beef prices that prompted more farmers to grow beef cattle.


The data also showed the number of milk cows in the country gaining 1.3% on-year to 406,000 head in the April-June period.


In contrast, the number of pigs fell 2% on-year to 11.09 million in the second quarter due to African swine fever outbreaks during the third and fourth quarters of last year.


- Yonhap