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January 19, 2022 Current Markets & Forecasts

South Korea lifts temporary suspension of Canadian beef imports

South Korea has lifted its temporary suspension of Canadian beef imports.

The suspension was imposed in December, after an atypical case of bovine spongiform encephalopathy (BSE) was identified in Alberta.

Minister of Agriculture and Agri-Food Marie-Claude Bibeau calls it “great news for our cattle sector, who provide the world with safe, high-quality beef.”

The regulations in some countries do not differentiate between atypical and typical BSE, so when a case occurs, they need a little more time and information before returning to trade-as-usual.

China and the Phillipines are the only other countries to suspend Canadian beef imports since the December case.

Atypical BSE happens sporadically in cattle populations, and there is no evidence to suggest this form is transmissible.

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Updated: February 25, 2026

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Livestock Price Insurance Index

Expiry Fed Feeder Calf
18-May-26 314 478 --
15-June-26 316 476 --
13-July-26 310 -- --
10-Aug-26 304 474 --
07-Sep-26 296 472 --
05-Oct-26 296 474 596
02-Nov-26 288 464 594
Last Updated on February 19, 2026