Weekly beef export shipments at 2-month high

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U.S. beef export shipments shot higher last week, up 11,071 metric tons compared to the previous figure and at its highest one-week level since the government shutdown in October.

Beef exports totaled 18,003 metric tons, a 63 percent increase over the prior week. The weekly total is a little more than half of the 27-week high, recorded in the week reports returned following the government furlough. Shipments were primarily to Mexico, receiving 4,500 MT, followed by South Korea (3,700 MT), Hong Kong (3,100 MT), Japan (2,900 MT), and Canada (2,200 MT).

Sales dipped into negative territory last week, falling 12,061 metric tons to -7,216 MT. The decline continues a three-week streak of lower weekly sales and sets a new 27-week low. An increased sales total was recorded for Mexico, who purchased 700 metric tons. Others with positive sales included Mexico (700 MT), Japan (200 MT), Italy (100 MT), and Egypt (100 MT). Decreases from Hong Kong (4,700 MT), South Korea (2,900 MT), Taiwan (500 MT), Canada (200 MT), and Moldova (100 MT) offset those positive purchases.  Net sales of 20,400 MT for 2014 were reported for Hong Kong (5,500 MT), South Korea (4,600 MT), and Mexico (4,500 MT).


REPORT THIS WEEK LAST WEEK DIFFERENCE
  Shipments 18,003 11,071 6,932
 
SHIPMENTS 10 WEEKS 27 WEEKS THIS YEAR
Average 16,076 14,999 14,468
High 35,881 35,881 35,881
Low 11,071 11,071 7,324
 
 
Chart
 

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


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