U.S. beef weekly export sales fall 23 percent

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Beef export sales lost almost all of the previous week’s gains, down 3,570 metric tons to 11,751 MT. Last week’s export sales are only 1,957 MT above the 27-week low. The low sales numbers take the four-week average down 22 percent from the prior statistic. U.S. beef export sales increases were led by South Korea (2,900 MT), followed by U.S. bordering countries Mexico (2,600 MT) and Canada (2,400 MT). Hong Kong and Vietnam purchased 1,100 MT and 1,000 MT respectively.

U.S. beef export shipments also moved lower, down 17 percent from the previous week to 13,779 MT. The fall sets a new 10-week low and is only 633 MT above the 27-week low. Export shipments were primarily to South Korea and Mexico, each with 2,600 MT, followed closely by Canada with 2,500 MT. Japan received 1,800 MT of U.S. beef and Hong Kong received 1,100 MT.


REPORT THIS WEEK LAST WEEK DIFFERENCE
  Sales 11,751 15,321 -3,570
 
SALES 10 WEEKS 27 WEEKS THIS YEAR
Average 14,408 15,937 16,863
High 19,362 20,925 52,009
Low 9,794 9,794 -9,660
 
 
Chart
 

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


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