Livestock and Products Annual

An Expert's View about Animal Husbandry and Support Services in South Korea

Last updated: 19 Feb 2011

Although domestic meat production is up, beef and pork imports are both forecast to grow in 2011 in response to rising consumer demand.

THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Required Report - public distribution Date: 9/10/2010 GAIN Report Number: KS1023 Korea - Republic of Livestock and Products Annual Annual Approved By: Kathryn Ting Prepared By: Ban Young Keun / Michael G. Francom Report Highlights: Cattle and swine production is set to expand in 2011 due to relatively strong live animal and meat prices. Although domestic meat production is up, beef and pork imports are both forecast to grow in 2011 in response to rising consumer demand. Meanwhile, U.S. beef imports during this period are projected to climb to 136,000 tons, accounting for 40 percent of the import market. Commodities: Animal Numbers, Cattle Production: Cattle production in 2011 is forecast to grow 6 percent to 1.2 million head as farmers continue to expand the size of their herds to take advantage of relatively strong cattle and calf prices. This forecasted expansion is based on semen sales through July 2010, which are shown in the following table. Unit: 000 straws Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2008 116 151 146 156 174 177 220 212 170 170 148 118 2009 119 140 138 162 177 216 238 270 207 185 143 135 2010 131 146 145 248 154 216 229 Source: KREI When asked in a recent survey, as seen in the table below, 95 percent of farmers responded saying that they planned to keep herd sizes unchanged from their current levels. While these survey results do not exactly square with the above referenced semen sales data, it does signal a growing unease within the industry regarding the downward pressure on live cattle prices. Sept, 2009 Dec., 2009 Mar., 2010 Jun., 2010 Maintain the same level 91.2 94.3 95.8 95.5 Will increase herd size 7.3 5.2 3.9 4.1 Will reduce herd size 1.5 0.4 0.3 0.5 Source: KREI For example, live Hanwoo cattle prices have started softening in recent months and are expected to continue their trend downward for the rest of the year and into next year. Although somewhat weaker, it should be noted that cattle prices are still relatively higher compared to 2008 and most of 2009, which, as was noted earlier, is why production continues to grow. In response to softer prices, slaughter numbers are forecast to increase to 950,000 head next year as farmers move to cut back on inventories. Live cattle prices have already started trending downward this year with prices around 5 million won/head at the end of July, which is roughly 900,000 won ($765) lower than prices at the beginning of the year. The slaughter estimate for 2010 is projected to be 854,000 head due to the anticipated decrease in cattle prices. In addition, increased slaughter will result in a larger supply of domestic beef, which will put some downward pressure on beef import growth in 2010. There are three key factors pushing domestic cattle prices downward: continued economic uncertainty may be dampening consumption, confidence in imported beef is up, and the butcher shop restaurant business has slowed down. The ongoing economic recovery is obliging price conscientious consumers to eat less expensive imported cuts of beef or pork. Local retail beef prices are generally two to two and a half times more expensive than imported beef. Meanwhile, the concerns over imported U.S. beef have dissipated with the United States currently holding about 30 percent of the market. The implementation of a traceability system and strict country-of-origin labeling requirements in restaurants, and marketing helped restore consumer confidence. The popularity of butcher shop style restaurants has faded due to false labeling reports regarding the region where the Hanwoo cattle were raised. Consumers are willing to pay a higher premium for meat from animals raised in certain regions of Korea. In addition, the government recently stopped issuing business permits for these types of restaurants since these establishments are exempt from the value added tax, which is a sizeable source of government revenue. The Korean government has begun considering measures to help farmers land softly when domestic cattle prices drop in the future because of over-production. One measure under consideration is revising beef grading standards that would encourage farmers to bring their animals to slaughter at a younger age instead of feeding them until 30 months of age to increase marbling. This type of grading system would also help farmers save on feed costs. However, as can be seen from the following table, farmers have been very reluctant to accept a new grading system since the existing one is so profitable. For example, a beef cut that grades out at 1++ is priced at 20,397 per kilogram, which is about 14 percent more expensive than the next highest grade, 1+. Quality Grade Trends ? Wholesale Carcass Prices Qu July ality 2007 2008 2009 July 2010 Price Grade Average Average Ave 2010 rage Ave Price Difference rage (Percent) (won/kg) (percent) 1++ 7.5 7.5 8.6 9.8 20,397 100.0 1+ 18.4 19.5 20.5 23.0 17,875 87.6 1 25.0 27.0 27.6 31.8 16,112 79.0 2 24.5 25.2 24.7 24.9 13,267 65.0 3 23.5 19.9 17.9 9.9 9,777 47.9 Source: Animal Products grading Service Exchange rate: US$1=1,150 won Although slaughter figures are forecast to increase in 2011, ending inventories will continue to grow given the increases in production over the past two years. For instance, as of June 2010, the number of cattle under one year of age jumped to nearly 900,000 head up nearly 100,000 head in just eighteen months. These calves will not be slaughtered until the latter half of 2011. A local agricultural think- tank, the Korean Rural Economic Institute (KREI) expects inventories to peak in 2011 and then gradually decline. Korea: Live Beef Cattle Prices (000 won/head) Month Hanwoo calf Hanwoo cow Hanwoo steer Female Male Jan., 2008 1,968 2,064 4,976 4,788 Feb., 2008 1,970 2,128 4,952 4,678 Mar., 2008 1,941 2,064 4,916 4,313 Apr., 2008 1,815 1,897 4,682 3,913 May, 2008 1,659 1,738 4,445 3,666 Jun., 2008 1,670 1,743 4,301 3,569 Jul., 2008 1,538 1,615 4,076 3,457 Aug., 2008 1,341 1,458 4,055 3,442 Sep., 2008 1,391 1,513 4,170 3,562 Oct., 2008 1,402 1,537 4,440 3,721 Nov., 2008 1,394 1,532 4,638 3,772 Dec., 2008 1,350 1,463 4,569 3,649 Jan., 2009 1,370 1,514 4,602 3,659 Feb., 2009 1,482 1,618 4,584 3,694 Mar., 2009 1,509 1,669 4,597 3,699 Apr., 2009 1,629 1,852 4,670 3,688 May, 2009 1,718 1,989 4,698 3,702 Jun., 2009 1,869 2,121 4,751 3,808 Jul., 2009 1,930 2,176 4,831 3,949 Aug., 2009 2,032 2,312 5,089 4,870 Sept., 2009 2,125 2,411 5,405 5,167 Oct., 2009 2,054 2,324 5,510 5,405 Nov., 2009 2,048 2,302 5,754 5,729 Dec., 2009 2,081 2,292 5,904 5,789 Jan., 2010 2,080 2,344 5,911 5,846 Feb., 2010 N/A N/A N/A N/A Mar., 2010 2,272 2,434 5,714 5,495 Apr., 2010 2,331 2,598 5,659 5,433 May, 2010 N/A N/A N/A N/A Jun., 2010 2,337 2,554 5,326 5,081 Jul., 2010 2,259 2,475 5,066 4,942 Source: National Agricultural Cooperative Federation Production, Supply and Demand Data Statistics: Animal Numbers, Cattle Korea, R 2009 2010 2011 epublic of Market Year Begin: Jan Market Year Begin: Jan Market Year Begin: Jan 2009 2010 2011 USDA Old New USDA Old New USDA Old New Official Post Post Official Post Post Official Post Post Total Cattle Beg. Stks 2,876 2,876 2,876 3,079 3,079 3,319 Dairy Cows Beg. Stocks 303 251 303 304 304 300 Beef Cows Beg. Stocks 1,023 882 1,023 1,085 1,085 1,160 Production (Calf Crop) 1,023 920 1,023 1,031 1,110 1,185 Intra-EU Imports 0 0 0 0 0 0 Other Imports 0 0 0 0 0 0 Total Imports 0 0 0 0 0 0 Total Supply 3,899 3,796 3,899 4,110 4,189 4,504 Intra EU Exports 0 0 0 0 0 0 Other Exports 0 0 0 0 0 0 Total Exports 0 0 0 0 0 0 Cow Slaughter 381 400 381 416 410 460 Calf Slaughter 0 0 0 0 0 0 Other Slaughter 434 465 434 460 444 490 Total Slaughter 815 865 815 876 854 950 Loss 5 5 5 5 16 5 Ending Inventories 3,079 2,926 3,079 3,229 3,319 3,549 Total Distribution 3,899 3,796 3,899 4,110 4,189 4,504 CY Imp. from U.S. 0 0 0 0 0 0 CY. Exp. to U.S. 0 0 0 0 0 Balance 0 0 0 0 0 0 Inventory Balance 203 50 203 150 240 230 Inventory Change 8 8 8 7 7 8 Cow Change 6 0 6 -14 0 0 Production Change 3 -8 3 1 9 7 Production to Cows 77 81 77 74 80 81 Trade Balance 0 0 0 0 0 0 Slaughter to Inventory 28 30 28 28 28 29 Commodities: Meat, Beef and Veal Production: As noted above, the anticipated increase in slaughter will result in higher beef production in 2011. The beef production forecast for 2011 is set at 311,000 tons, up more than 10 percent from the previous year?s forecast. Consumption: Consumption is expected to climb higher next year reaching 620,000 tons. More than half of the beef being consumed annually is imported. Although consumption is expected to increase in 2011, high prices are dampening further growth. Nearly 70 percent of consumers, according to a KREI survey, are going to continue eating the same amount of Hanwoo beef, while 17 percent are going to reduce consumption due to higher prices. The same survey showed that 53 percent of consumers plan to eat the same amount of imported beef, with nearly 32 percent reporting that they were going to consume less. Consumers Intention for Change in Beef Consumption Description Percent Will reduce consumption 17.0 Hanwoo beef No change in consumption 69.5 Will increase consumption 13.4 Will reduce consumption 31.8 Imported beef No change in consumption 53.4 Will increase consumption 14.9 Source: Korea Rural Economic Institute The more interesting result from the abovementioned survey is the higher percentage of respondents (15%) who said they intended to increase their consumption of U.S. beef, when compared to those surveyed (13%) who stated that we were planning to eat more Hanwoo beef. One of the key reasons behind this increase in consumption of imported beef, especially U.S. beef, has been the U.S. Meat Federation?s ?Trust Campaign? and the aggressive marketing done by the major hypermarkets. Although U.S. beef has done very well, there are still a sizeable percentage of fence sitting consumers who still haven?t started buying U.S. beef again. Marketing efforts are being targeted at winning these consumers back. In addition, more of the high end restaurants are also selling U.S. beef, but the smaller sized restaurants are still a bit reluctant to include it on their menus for fear of loosing customers. In response, USMEF/Seoul is increasing its marketing efforts to penetrate these smaller restaurants. Retail prices (2008 ? 2010) Unit: Won per 500 gram Hanwoo beef Loin Australian Beef Loin Australian Beef Loin Domestic Month (Top grade) (Chilled) (Frozen) Pork Jan., 32,407 18,150 6,600 6,868 2008 Feb., 31,881 19,532 6,649 6,813 2008 Mar., 31,897 18,776 6,258 6,641 2008 Apr., 31,737 18,702 5,885 7,368 2008 May, 29,968 18,776 6,100 8,458 2008 Jun., 29,482 18,989 6,152 9,747 2008 Jul., 29,669 20,152 6,267 9,483 2008 Aug., 31,716 20,887 6,267 9,699 2008 Sep., 32,007 21,745 6,267 9,514 2008 Oct., 32,184 22,897 6,267 8,896 2008 Nov., 31,822 23,884 6,295 8,644 2008 Dec., 31,871 23,972 6,300 8,651 2008 Jan., 32,614 22,106 6,300 8,533 2009 Feb., 32,109 20,484 6,263 8,503 2009 Mar., 32,434 20,345 6,167 9,041 2009 Apr., 31,732 20,233 6,167 10,064 2009 May, 33,354 19,735 6,167 8,991 2009 Jun., 33,754 14,960 6,167 9,146 2009 Jul., 34,497 17,781 6,167 9,461 2009 Aug., 35,620 18,389 6,167 9,831 2009 Sept., 36,685 18,836 6,250 9,565 2009 Oct., 38,181 21,386 6,333 8,944 2009 Nov., 38,393 20,967 6,333 8,444 2009 Dec., 37,902 18,511 6,333 8,704 2009 Jan., 36,116 N/A 6,333 7,947 2010 Feb., 38,102 N/A 6,333 7,609 2010 Mar., 36,548 N/A 6,333 7,317 2010 Apr., 37,325 16,117 6,462 8,207 2010 May, 37,389 N/A 6,500 8,566 2010 Jun., 35,727 N/A 6,500 8,385 2010 Jul., 34,836 20,416 6,606 8,794 2010 Source: National Agricultural Cooperative Federation, NACF (Exchange rate: US$1 = 1,197 won) Note: NACF did not provide the series of monthly retail prices for chilled Australian loin in 2010. According to the trade, chilled Australian beef loin prices have fluctuated within a variance of 3,000 won per kilogram, depending on the market supply. Trade: Expanded domestic beef production in combination with higher prices for imported beef will keep import growth at a moderate level. Beef imports are accordingly projected to reach 340,000 tons in 2011, up 6 percent from the previous year?s estimate. Meanwhile, U.S. beef imports during this same period are forecast to grow 27 percent year-over-year reaching 136,000 tons. In terms of market share, U.S. beef in 2011 is projected to account for 40 percent of the market, which is up about 5 percentage points from a year earlier. However, breaking past the 40 percent mark might prove difficult if U.S. prices remain strong, while Hanwoo prices continue to soften. Beef imports during 2010 are also expected to climb higher than our original estimate to 320,000 tons. Imports would have likely climbed even higher during the last half of the year if international beef prices hadn?t jumped so high in recent months. For example, the price for U.S. short ribs ? one of the most popular cuts in Korea ? was about $2.00/lb at the beginning of the year, but has more than doubled since that time reaching $4.20/lb in July 2010. The rise in imported beef prices is in part due to increased demand from other Asian countries. Korea: Beef Imports ($000 and Metric Tons) Annual 2009 Jan-Jul 2009 Jan-Jul 2010 Country Value Volume Value Volume Value Volume Australia 437,869 129,940 224,418 70,502 306,421 76,656 New Zealand 80,172 32,681 48,917 20,423 70,348 23,313 United States 270,976 59,195 138,328 28,543 196,383 44,591 Mexico 4,243 2,145 2,680 1,265 3,065 1,692 Others 129 40 35 17 371 70 Total 793,389 224,001 414,378 120,750 576,588 146,322 Source: KOTIS Product Weight Equivalent basis Includes HS 0201 (fresh/chilled), HS 0202 (frozen), HS 021020 and 160250 (processed beef products) Production, Supply and Demand Data Statistics: Meat, Beef and Veal Korea, 2009 2010 2011 Republic of Market Year Begin: Jan Market Year Begin: Jan Market Year Begin: Jan 2009 2010 2011 USDA Old New USDA Old New USDA Old New Official Post Post Official Post Post Official Post Post Slaughter (Reference) 815 865 815 876 854 950 Beginning Stocks 15 15 15 47 47 46 Production 263 283 267 283 280 311 Intra-EU Imports 0 0 0 0 0 0 Other Imports 315 260 314 325 320 340 Total Imports 315 260 314 325 320 340 Total Supply 593 558 596 655 647 697 Intra EU Exports 0 0 0 0 0 0 Other Exports 4 0 4 4 1 1 Total Exports 4 0 4 4 1 1 Human Dom. Consumption 542 523 545 611 600 620 Other Use, Losses 0 0 0 0 0 0 Total Dom. Consumption 542 523 545 611 600 620 Ending Stocks 47 35 47 40 46 76 Total Distribution 593 558 596 655 647 697 CY Imp. from U.S. 83 110 83 110 110 136 CY. Exp. to U.S. 0 0 0 0 0 0 Commodities: Animal Numbers, Swine Production: Pig production in 2011 is projected to increase slightly to 15.5 million head in response to rising consumer demand for local pork. Higher demand is expected to more than offset higher production costs and weak live animal prices. Although feed prices have remained relatively steady in recent months, local producers see higher prices on the horizon and will start putting the brakes on production in the middle of 2011. In addition, the rising cost of manure disposal is expected to increase production costs going forward, which will in turn weed out some of the smaller more marginal pig growers. The reason for higher disposal costs is linked to Korea?s decision to ban the dumping of swine manure into the ocean beginning in 2012. The production estimate for 2010 was raised to 15.4 million head due to relatively low and steady feed prices. In fact, according to a June survey done by a local think-tank, farmers are planning to increase their herd size throughout the rest of this year and into mid 2011. Additionally, steady feed prices have and will continue to attract the temporary return of some smaller swine growers to the marketplace. The outbreaks of foot and mouth disease (FMD) earlier in the year had very little impact on production. Carcass prices did drop slightly, as noted in the table below, but not as much as when the nation reported its first case back in 2000. The reason prices did not really move this go around was because Korean consumers have lived through previous FMD outbreaks and now realizes that the meat is safe as long as it is cooked properly. The anticipated implementation of Free Trade Agreements (FTA) with the European Union, and possibly the United States in 2011, could impact domestic production in future years. However, our current estimates do not account for this possibility. We will revise our estimates when the agreements are implemented. Index of Farmers Intention to Increase Swine Herd Size 2010 2011 Jun. Aug. Sep. Oct. Nov. Dec. Jan. Feb. 100.0 101.4 102.9 102.3 102.2 102.5 102.5 102.1 Note: The above index is based on the herd size as of June 2010. Source: Korea Rural Economic Institute. Comparison of Swine Carcass and Feed Prices Carcass price Swine feed price 2009 2010 Change 2009 2010 Change Month Won per Kilogram Percent Won per Kilogram Percent January 4487 3859 -14% 630 541 -14% February 4225 3920 -7% 625 544 -13% March 5031 3989 -21% 624 544 -13% April 4955 4325 -13% 611 534 -13% May 4245 4272 1% 588 531 -10% June 4531 4647 3% 574 533 -7% July 4826 4663 -3% 578 543 -6% August 4967 4802 -3% 574 September 4475 553 October 3672 543 November 4021 538 December 4128 545 Total Average 4449 582 Change in Swine Carcasses Price due to FMD Unit: Won per kilogram Period 2000 2002 Jan., 2010 April, 2010 Prior to FMD 2,648 2,863 4,187 4,325 (100.0) (100.0) (100.0) (100.0) During FMD outbreak 2,175 2,906 4,182 4,319 (82.1) (101.5) (99.9) (99.9) After eradication of FMD 2,719 2,841 3,798 4,163 (102.7) (99.2) (90.7) (96.3) Source: MIFAFF, NACF, KREI Note: The numbers in brackets are price index based on the average price prior to the FMD outbreak. Production, Supply and Demand Data Statistics: Animal Numbers, Swine Korea, Republic 2009 2010 2011 of Ma Market Year Begin: Jan Market Year Begin: Jan rket Year Begin: Jan 2009 2010 2011 USDA Old New USDA Old New USDA Old New Official Post Post Official Post Post Official Post Post Total Beginning Stocks 8,223 8,223 8,223 8,721 8,721 9,101 Sow Beginning Stocks 913 913 913 966 966 980 Production (Pig Crop) 14,916 13,476 14,916 15,079 15,382 15,497 Intra-EU Imports 0 0 0 0 0 0 Other Imports 0 1 1 2 2 2 Total Imports 0 1 1 2 2 2 Total Supply 23,139 21,700 23,140 23,802 24,105 24,600 Intra EU Exports 0 0 0 0 0 0 Other Exports 0 0 0 0 0 0 Total Exports 0 0 0 0 0 0 Sow Slaughter 0 0 0 0 0 0 Other Slaughter 13,919 13,100 13,919 14,500 14,454 15,000 Total Slaughter 13,919 13,100 13,919 14,500 14,454 15,000 Loss 499 500 500 500 550 500 Ending Inventories 8,721 8,100 8,721 8,802 9,101 9,100 Total Distribution 23,139 21,700 23,140 23,802 24,105 24,600 CY Imp. from U.S. 0 1 0 0 1 1 CY. Exp. to U.S. 0 0 0 0 0 0 Commodities: Meat, Swine Production: Pork production in 2011 is forecast to increase slightly to 1.1 million tons due to increased pig production and higher slaughter. The 2010 production estimate is projected to stay relatively unchanged from the earlier estimate at 1.1 million tons. Consumption: Pork consumption in 2011 is forecast at 1.56 million tons, up slightly from the previous year?s estimate because of expanding consumer demand. The consumption estimate for 2010 is revised upward to 1.52 million tons to reflect increased demand resulting from a combination of factors including: lower retail prices, an aggressive marketing campaign for domestic pork in major discount stores, and good weather during the summer grilling season. With respect to prices, the average retail price from Jan-Jul of this year at 16,236 won/kg was about 2,000 won/kg cheaper than the same period last year. In addition, price conscientious consumers prefer pork over beef since it?s about two times cheaper. As noted above, the FMD outbreaks had no real impact on consumption. Consumption of processed pork products is expected to increase during the second half of 2010 and into early 2011, as consumers increase their purchase of meat gift sets for the Chuseok (Thanksgiving) and Lunar New Year holidays. In response, some local meat processors are expected to increase their demand for inexpensive cuts of imported pork meat. A recent survey conducted by the Korea Rural Economic Institute (KREI) showed that 58 percent of pork consumption occurred at restaurants, which is up about 2 percentage points in just 18 months. This growing trend is expected to propel imports upward since foreign pork is widely used in the country?s restaurant sector. Ratio of Pork Consumption at Home vs Restaurants Dining place Jan., 2009 Jan., 2010 Aug., 2010 Restaurants 56.5 57.0 58.3 Home 43.5 43.0 41.7 Source: KREI Trade: Pork imports for 2011 are forecast at 420,000 tons, up nearly 12 percent from the previous year?s estimate due to strong consumer demand and the growing proportion of consumers eating pork at restaurants. U.S. market share continues to hover around 25 percent with imports forecast at 120,000 tons during this period. The 2010 pork import estimate is revised upward to 376,000 tons to reflect strong consumer demand. The import estimate for U.S. pork is raised slightly to 105,000 tons. Korea: Pork Imports ($1000 and Metric Tons) Country Annual 2009 Jan-Jul 2009 Jan-Jul 2010 Value Volume Value Volume Value Volume United States 192,577 91,157 120,909 54,992 104,736 48,776 Chile 119,841 43,233 67,922 23,416 63,822 24,822 Canada 99,554 58,358 58,483 33,615 57,079 33,203 France 43,155 14,572 28,214 9,436 27,982 8,633 Belgium 36,042 11,410 23,665 7,372 26,533 8,627 Denmark 28,052 12,263 19,342 7,742 11,251 5,918 Austria 47,864 14,849 29,694 9,091 27,506 8,599 Netherlands 41,036 11,541 24,317 6,551 25,440 7,557 Spain 34,022 19,424 22,918 12,310 19,133 10,930 Poland 10,285 5,612 6,046 3,193 5,781 3,301 Hungary 15,595 5,546 10,041 3,578 6,732 2,807 Others 27,237 12,057 13,863 5,828 24,019 10,653 Total 695,260 300,022 425,414 177,124 400,014 173,826 Source: KOTIS Product Weight Equivalent basis Includes: HS 020311, 020312, 020319 (fresh/chilled), HS 020321, 020322, 020329 (frozen), 021011, 021012, 021019, 160241, 160242, 160249 (processed pork products) Production, Supply and Demand Data Statistics: Meat, Swine Korea, R 2009 2010 2011 epublic of Ma Market Year Begin: Jan Market Year Begin: Jan rket Year Begin: Jan 2009 2010 2011 USDA Old New USDA Old New USDA Old New Official Post Post Official Post Post Official Post Post Slaughter (Reference) 13,919 13,100 13,919 14,500 14,454 15,000 Beginning Stocks 144 144 144 107 107 60 Production 1,062 1,000 1,062 1,100 1,097 1,140 Intra-EU Imports 0 0 0 0 0 0 Other Imports 390 400 383 343 376 420 Total Imports 390 400 383 343 376 420 Total Supply 1,596 1,544 1,589 1,550 1,580 1,620 Intra EU Exports 0 0 0 0 0 0 Other Exports 9 15 9 0 0 0 Total Exports 9 15 9 0 0 0 Human Dom. Consumption 1,480 1,440 1,473 1,500 1,520 1,560 Other Use, Losses 0 0 0 0 0 0 Total Dom. Consumption 1,480 1,440 1,473 1,500 1,520 1,560 Ending Stocks 107 89 107 50 60 60 Total Distribution 1,596 1,544 1,589 1,550 1,580 1,620 CY Imp. from U.S. 120 110 116 135 105 120 CY. Exp. to U.S. 0 0 0 0 0 0
Posted: 30 November 2010, last updated 19 February 2011

See more from Animal Husbandry and Support Services in South Korea

Expert Views    
Livestock and Products Annual   By Foreign Agricultural Service
Livestock and Products Annual   By Foreign Agricultural Service
Horse Market Brief   By Foreign Agricultural Service
Poultry and Products Annual   By Foreign Agricultural Service
Livestock and Products Semi-annual   By Foreign Agricultural Service