Beef export sales fell lower last week, down two percent to 14,881 metric tons. The 308 MT decline moves sales 2253 MT under the 10-week average and ends two consecutive weeks of gains. Even with the recent losses, last week’s totals remain above the 27-week average by 708 MT. Sales were primarily to Mexico, purchasing 4,200 MT, followed by Hong Kong (3,100 MT). Canada and Japan purchased 2,300 MT and 2,000 MT respectively and South Korea rounded out the list of notable buyers with 1,200 MT purchased.
Export shipments of U.S. beef declined by four percent from the previous week, however the four week average increased by one percent. The majority of last week’s shipments were to Japan (4,400 MT) followed by Hong Kong (2,800 MT), Canada (2,400 MT), Mexico (2,300 MT), and South Korea (1,700 MT).