Beef export shipments steady, sales fall

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Weekly shipments of U.S. beef were steady with the previous week, gaining 578 metric tons last week to reach a total of 12,719 MT. Last week’s gradual climb moves beef shipments subtly higher for the second consecutive week. Although it’s still early, beef export shipments set a new high for 2014, but remain below the 27-week average.

Shipments of U.S. beef were primarily to South Korea, receiving 2,700 metric tons. Japan was close behind, receiving 2,500 MT, followed by Mexico (2,100 MT), Hong Kong (2,000 MT), and Canada (1,400 MT).

Weekly sales of U.S. beef moved lower last week, falling 3,763 MT to 10,550 MT. The decline pushes export sales lower for the third consecutive week and moves totals below the 10-week average. Export sales were reported for Japan (3,600 MT), Canada (1,900 MT), Mexico (1,300 MT), Hong Kong (1,100 MT), and South Korea (1,000 MT).


REPORT THIS WEEK LAST WEEK DIFFERENCE
  Shipments 12,719 12,141 578
 
SHIPMENTS 10 WEEKS 27 WEEKS THIS YEAR
Average 11,912 13,978 9,788
High 18,003 35,881 12,719
Low 2,286 2,286 2,286
 
 
Chart
 

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


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