Beef export sales steady, 4-week average falls

Net U.S. beef export sales totaled 14,439 metrict tons last week showing an increase of just 33 metric tons over the previous week. The four-week average of net sales is down 15 percent from the prior average as export sales have fallen below this year’s average for two consecutive weeks. Net export sales increases were led by Japan, increasing by 3,100 metric tons, followed by Mexico (2,800 MT), Canada (2,600 MT), and Egypt (2,000 MT). Net sales to South Korea also increased by 1,500 metric tons.

Shipments of U.S. beef receded last week, dropping 1,454 metric tons to 16,370 MT. Despite the 8 percent decline export shipments remain  851 metric tons above the 27-week average of 15,519 MT. Mexico and Japan received the most U.S. beef, each accepting 3,000 metric tons last week, followed by South Korea (2,000 MT), Canada (1,800 MT) and Russia (1,700 MT).

REPORT THIS WEEK LAST WEEK DIFFERENCE   Sales 14,439 14,406 33 SALES 10 WEEKS 27 WEEKS THIS YEAR Average 20,188 16,233 18,112 High 52,009 52,009 52,009 Low 13,159 1,685 -9,660

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