Beef sales dip below 27-week average

U.S. beef export sales were down 12 percent last week, moving 1,998 metric tons lower to 14,588 MT. The drop moves sales to even with figures from two weeks earlier. Beef export sales remain 4,794 MT above the 27-week low, however the 4-week average is down six percent from the previous week. Sales increases were reported for Mexico (3,300 MT), South Korea (2,400 MT), Canada (1,900 MT), Hong Kong (1,500 MT) and Vietnam (1,400 MT).

Beef export shipments saw a sharp increase last week, up 1,784 metric tons to 18,027 MT. The move higher takes shipments near the 27-week high of 18,618 MT and ends two consecutive weeks of lower totals. Export shipments were primarily to Mexico, receiving 2,900 MT of U.S. beef. Shipments of 2,400 metric tons were delivered to South Korea, Russia and Japan. Canada received 2,200 metric tons of U.S. beef last week.

REPORT THIS WEEK LAST WEEK DIFFERENCE   Sales 14,588 16,586 -1,998 SALES 10 WEEKS 27 WEEKS THIS YEAR Average 14,775 16,260 17,088 High 18,199 20,925 52,009 Low 9,794 9,794 -9,660

Data provided by iNet Solutions Group, Inc. All commodity prices delayed 10 minutes.

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