Stronger dollar suppresses beef exports

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Net export sales of U.S. beef dropped 10 percent last week, totaling 9,794 metric tons. The export number is 1,119 metric tons lower, reaching a new 27-week low. Beef exports sales have fallen for three consecutive weeks. This reports four-week average is 36 percent lower than the previous week. Increases in U.S. beef export sales were noted for Canada (2,200 MT), Mexico (1,900 MT), South Korea (1,700 MT), Russia (1,000 MT) and Taiwan (900 MT).

Export shipments of U.S. beef totaled 17,075 metric tons last week, showing a slight two percent increase over the previous week. Beef exports shipments remain slightly above the 27-week average of 16,673 MT. South Korea received the most shipments of U.S. beef with 2,600 metric tons, followed closely by Mexico (2,500 MT), Japan (2,400 MT) and Canada (2,100 MT). Vietnam rounded out the list with 1,800 metric tons received.

 

REPORT THIS WEEK LAST WEEK DIFFERENCE
  Sales 9,794 10,913 -1,119
 
SALES 10 WEEKS 27 WEEKS THIS YEAR
Average 15,569 16,373 17,323
High 20,925 23,486 52,009
Low 9,794 9,794 -9,660
 
 
Chart
 

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


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