U.S. beef sales continue slow decline

Export sales of U.S. beef fell for the thrid consecutive week last week, down 721 metric tons to 15,027 MT. Export sales fell five percent from the previous week and are 5,322 MT lower than sales from the last week in May. The continued losses decrease the four-week average by 12 percent from the previous week. Net sales increases were reported for Japan (4,900 MT), South Korea (3,100 MT), Canada (2,900 MT), Mexico (1,400 MT) and Egypt (1,100 MT).

Export shipments also declined, losing roughly half of the previous week’s gains. The loss of 1,357 metric tons takes total shipments down to 15,658 MT, one metric ton above the average for the year. Japan received the most U.S. beef, accepting 3,700 metric tons, followed by U.S. neighbors Canada (2,800 MT) and Mexico (2,500 MT). South Korea received 1,700 MT and Vietnam received 1,200 MT.

REPORT THIS WEEK LAST WEEK DIFFERENCE   Sales 15,027 15,748 -721 SALES 10 WEEKS 27 WEEKS THIS YEAR Average 17,188 17,131 17,975 High 20,809 52,009 52,009 Low 14,406 1,685 -9,660

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