# US nabs 15,000t Korean retail account, as Aussie beef tagged ‘uncompetitive’

> Costco has moved all its beef sourcing in South Korea to US beef, a volume estimated at 15,000 tonnes annually that had previously come from Australia. Australian exporters say US cattle prices have fallen as the US herd rose to 93.6 million head, boosting US export competitiveness.

- Date: 2017-02-22 · published 2017-02-22T12:00:00.000Z
- Category: trade · region South Korea · magnitude medium
- Page: https://feedsoft.ai/events/72435-us-nabs-15-000t-korean-retail-account-as-aussie-beef-tagged-uncompetitive
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Lost Korean volume and a price-competitive US beef supply weigh on Australian beef export demand and cattle prices, while larger US beef output pressures US cattle prices.

## Read by commodity

- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2024-03-25 | [US removes tariffs on Australian, New Zealand beef \| Latest Market News](https://feedsoft.ai/events/31166-us-removes-tariffs-on-australian-new-zealand-beef-latest-market-news.md) | -1.8% | -2.3% |
| LCATTLE | 2024-09-10 | [U.S. beef exports lower as cattle prices turn negative](https://feedsoft.ai/events/28245-u-s-beef-exports-lower-as-cattle-prices-turn-negative.md) | +0.3% | +4.5% |
| LCATTLE | 2026-01-07 | [Brazil surpassing US as top beef producer, easing global supply squeeze \| Reuters](https://feedsoft.ai/events/21193-brazil-surpassing-us-as-top-beef-producer-easing-global-supply-squeeze-reuters.md) | +0.2% | +2.5% |
| LCATTLE | 2020-08-09 | [PULSE: Watch for competition in key beef markets](https://feedsoft.ai/events/51581-pulse-watch-for-competition-in-key-beef-markets.md) | +3.7% | +4.0% |
| LCATTLE | 2017-03-14 | [Relaxations over BSE, FMD create headwinds for Aussie beef exports - Beef Central](https://feedsoft.ai/events/71967-relaxations-over-bse-fmd-create-headwinds-for-aussie-beef-exports-beef-central.md) | +1.8% | +1.0% |
| FCATTLE | 2024-09-10 | [U.S. beef exports lower as cattle prices turn negative](https://feedsoft.ai/events/28245-u-s-beef-exports-lower-as-cattle-prices-turn-negative.md) | +1.5% | +4.7% |
| FCATTLE | 2024-09-27 | [On the move: More beef imports from Australia, Brazil, Uruguay \| TSLN.com](https://feedsoft.ai/events/28249-on-the-move-more-beef-imports-from-australia-brazil-uruguay-tsln-com.md) | +1.5% | +1.6% |
| FCATTLE | 2026-07-27 | [U.S. to resume limited Mexican cattle imports as beef supplies tighten \| TPR](https://feedsoft.ai/events/18295-u-s-to-resume-limited-mexican-cattle-imports-as-beef-supplies-tighten-tpr.md) | +0.8% | -3.1% |

## Sources

- beefcentral.com: https://www.beefcentral.com/trade/us-nabs-15000t-korean-retail-account-as-aussie-beef-tagged-uncompetitive/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.