Weekly U.S. beef export sales and shipments showed stagnant growth last week with sales recovering from the previous week’s losses and shipments adding another week of gains.
Beef export shipments are 195 metric tons higher than the previous week, up one percent to 17,724 MT. Shipments increased for the third consecutive week, gaining 3,945 metric tons in that time. Shipments last week were primarily to Mexico and South Korea, each with 3,300 metric tons. Canada received 2,600 MT, followed by Japan and Vietnam with 2,000 MT and 1,700 MT respectively.
Export sales increased three percent, however the four-week average also fell three percent from the previous average. Last week’s export sales increased by 435 metric tons to 13,099 MT. The limited increase prevents sales from rising above the 10-week average of 14,319 MT. Increases were noted for Mexico and Canada, purchasing 3,200 and 2,400 metric tons respectively. Also purchasing U.S. beef were Vietnam (1,500 MT), South Korea (1,300 MT) and Japan (1,300 MT). Net sales of 6,400 MT for 2013 were recorded for Japan (2,500 MT), South Korea (1,200 MT), Taiwan (800 MT) and Vietnam (800 MT).