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).