Weekly beef export shipments decline, sales dropoff

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U.S. beef export sales plummeted last week, falling 45 percent from the previous week. Sales decreased by 7,549 metric tons, totaling 9,287 MT. The steep decline moved export sales lower for the second consecutive week and finished only 401 MT above the 10-week low.

Sales were primarily to Mexico (2,800 MT), Hong Kong (1,900 MT), Japan (1,700 MT), Canada (1,300 MT), and Taiwan (500 MT). 

Export shipments of U.S. beef fell four percent compared to the previous week and were five percent lower than the previous four-week average with totals down 482 metric tons to 12,940 MT. The lower totals last week take away some of the previous week’s gains, keeping the average below the 27-week average and only 1,093 MT above the 10-week average.

Shipments of U.S. beef last week were primarily to Mexico (3,100 MT), Hong Kong (1,200 MT), Japan (1,200 MT), Canada (900 MT), and South Korea (400 MT).


REPORT THIS WEEK LAST WEEK DIFFERENCE
  Shipments 12,940 13,422 -482
 
SHIPMENTS 10 WEEKS 27 WEEKS THIS YEAR
Average 14,199 13,829 14,095
High 16,143 17,313 17,534
Low 11,847 11,376 7,324
 
 
Chart
 

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


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