Weekly beef export shipments decline

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U.S. beef export shipments moved slightly lower last week, falling 243 metric tons from the previous week. Shipments remain fairly steady with the weeks leading up to the government shutdown.

Shipments last week totaled 13,080 metric tons. The sum is lower than the 27-week average of 15,023 MT and higher than the 1,448 MT higher than the 27-week low. Shipments were primarily to Japan, receiving 3,100 metric tons. Other major receivers include Hong Kong (2,800 MT), South Korea (2,200 MT), Mexico (2,100 MT), and Canada (1,300 MT).

Beef export sales total 11,806 MT. This week’s net sales moved out of the negative ranks. Sales are 7,106 MT above the 27-week low and 3,324 MT below the 27-week average. South Korea was the top buyer last week, purchasing 2,600 MT, followed by Hong Kong (2,300 MT), Japan (2,200 MT), Canada (2,000 MT), and Mexico (1,700 MT). Decreases were reported for Vietnam (100 MT) and Chile (100 MT).  Net sales of 1,700 MT for 2014 were for Hong Kong (1,000 MT), South Korea (500 MT), and Taiwan (200 MT).

REPORT THIS WEEK LAST WEEK DIFFERENCE
  Shipments 13,080 13,323 -243
 
SHIPMENTS 10 WEEKS 27 WEEKS THIS YEAR
Average 16,143 15,023 14,571
High 35,881 35,881 35,881
Low 11,847 11,632 7,324
 
 
Chart
 

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


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