SHORTAGE OF WAGYU CALVES PUT PRESSURE ON JAPAN BEEF INDUSTRY
October 1st, 2016
A severe shortage of ‘wagyu’ calves in Japan is putting pressure on producers of this special native beef livestock, as calf prices soar and breeders risk a fall in turnover. At wagyu auctions nationwide, a beef cattle calf is being sold for Japanese Yen JPY800,000 yen (USD7,705) on average in 2016, up from about JPY550,000 (USD5,300) in 2014, according to the Nikkei Asian Review financial newspaper. Low-quality, young or cross-bred calves are also fetching higher than normal prices. In recent years, when supplies have dwindled there has been a sharp price ...
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