Asian markets push weekly U.S. beef export shipments higher

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U.S. beef export shipments improved by 13 percent last week with high quantities of beef sent to Hong Kong, Japan and South Korea.

Shipments increased by 1,604 metric tons to 14,143 MT. The increase moves last week’s total to about the midway point between the 10-week low and the 10-week average. Beef export shipments were primarily to Hong Kong, receiving 3,000 MT. Other countries with high number include Mexico (2,900 MT), Japan (2,900 MT), South Korea (2,500 MT), and Canada (1,700 MT).

Beef export sales fell lower, falling 1,459 metric tons to 10,064 MT. The decline moves last week’s sales total close to the 10-week low of 9,451 MT. Sales were reported for Japan (2,800 MT), Hong Kong (2,200 MT), Mexico (1,600 MT), Canada (1,300 MT), and South Korea (1,100 MT). Net sales of 9,300 MT for 2014 were for Japan (6,500 MT), Hong Kong (1,000 MT), and South Korea (800 MT).


REPORT THIS WEEK LAST WEEK DIFFERENCE
  Shipments 14,143 12,539 1,604
 
SHIPMENTS 10 WEEKS 27 WEEKS THIS YEAR
Average 16,301 15,068 14,466
High 35,881 35,881 35,881
Low 12,513 11,847 7,324
 
 
Chart
 

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


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