Weekly U.S. beef export sales tumble

U.S. beef export sales fell 41 percent last week and moved from a 10-week high to just 1,533 metric tons above the 27-week low. The latest sales total of 11,327 MT is 8,035 metric tons lower than the previous week. The lower export sales figures moves the four-week average down 30 percent from the previous average. Sales increases were reported for Mexico (3,100 MT), Canada (2,800 MT), South Korea (1,600 MT), Hong Kong (900 MT) and Taiwan (500 MT).

Sales for the 2013 marketing year were primarily for the Netherlands (2,700 MT) and Japan (700 MT).

Beef export shipments showed a small decline from the previous week, down 423 metric tons to 15,261 MT. Shipments fell for the second consecutive week and remain below the 27-week average. Shipments were primarily to North American neighbors Mexico (2,700 MT) and Canada (2,400 MT). South Korea and Japan each received 2,100 metric tons and Vietnam received 1,500 MT of U.S. beef.

REPORT THIS WEEK LAST WEEK DIFFERENCE   Sales 11,327 19,362 -8,035 SALES 10 WEEKS 27 WEEKS THIS YEAR Average 14,468 16,003 17,010 High 19,362 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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