First Remote Online Auction for Pigs Launched... Korea Institute for Animal Products Quality Evaluation Highlights Reduced Transportation Costs

Samse Slaughterhouse in Yeongcheon and Changnyeong Wholesale Market Hold Online Auction for 40 Pigs
Remote Bidding Based on Livestock Video Footage and Grading Information
"Plans to Expand Auction Scale and Develop Transaction Models Such as Beef Primal Cuts"

The first-ever remote online auction for pigs, allowing transactions without the actual movement of livestock, has been launched in Korea. By minimizing logistics during online auctions, transportation costs can be reduced, while issues such as animal stress and deterioration of meat quality caused by vehicle movement can also be prevented.

The Korea Institute for Animal Products Quality Evaluation announced on September 7 that it had conducted a remote online auction for pigs between the Samse Slaughterhouse in Yeongcheon, Gyeongbuk, and the Changnyeong Livestock Products Wholesale Market in Gyeongnam, on September 4.

At the Changnyeong Livestock Agricultural Products Market in Gyeongnam, intermediate wholesalers are conducting auctions while watching footage filmed at Samse Slaughterhouse in Yeongcheon, Gyeongbuk. Korea Institute for Animal Products Quality Evaluation

Online auctions for livestock involve listing and auctioning animals at a remote wholesale market using videos filmed at the slaughterhouse and accompanying quality data, rather than moving the actual livestock. Previously, domestic livestock had to be transported from farms to wholesale markets with auction functions for slaughter and auctioning. With the adoption of remote online auctions, unnecessary logistics movement can be minimized and transportation costs can be reduced. In addition, this approach helps prevent animal stress and decline in meat quality caused by vehicle movement in advance.

For this remote online auction, pigs slaughtered and filmed at Samse Slaughterhouse were listed at the Changnyeong Livestock Products Wholesale Market via an online auction platform. Middlemen participated in the auction remotely, without visiting the site in person, by bidding based on the video footage and grading information of the pigs, and successfully won the carcasses.

A representative of the Korea Institute for Animal Products Quality Evaluation explained, "This online auction marks the first application of a new distribution model where transactions can take place solely with video and quality information, regardless of location. In particular, this transaction is significant because it demonstrates, in the field, the potential to overcome the physical distance between slaughterhouses and wholesale markets and to digitally transform the livestock distribution structure."

This transaction involved 40 pigs. The Korea Institute for Animal Products Quality Evaluation plans to address any issues identified during the operation, improve the system, and gradually expand the scale of auctions in the future. In addition, the organization intends to develop various transaction models, including online auctions for beef primal cuts, to enhance efficiency at every stage of the livestock distribution process and to further diversify transaction methods.

Sujin Park, President of the Korea Institute for Animal Products Quality Evaluation, stated, "This remote online auction for pigs was a meaningful achievement in that it confirmed the feasibility of digitally transforming the livestock distribution sector in practice. We will continue to introduce effective alternatives in the field that can reduce the burden of logistics and improve the distribution system."

This content was produced with the assistance of AI translation services.