U.S. weekly beef exports stumble, ending 2-week rally

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U.S. beef export shipments fell 2,642 metric tons last week, ending a two-week rally. Last week’s losses moved export shipments down to 11,847 MT, a new 10-week low and only 471 MT above the 27-week low.

Beef export shipments fell 18 percent from the previous week and 19 percent from the previous four-week average. Shipments were primarily to Japan, receiving 3,000 MT, followed by Hong Kong (2,300 MT), Mexico (2,100 MT), South Korea (1,800 MT), and Canada (1,200 MT).  

Export sales improved last week, gaining 987 metric tons to total 18,855 MT. The move higher recovers a small percentage of the previous week’s losses and allows export sales to continue above the 27-week average. Sales were led by Hong Kong, purchasing 12,400 MT. Other countries with leading sales last week included Japan (1,300 MT), Canada (1,200 MT), and South Korea (1,000 MT). 

Accumulated beef exports for 2012 were adjusted down 109,500 MT for the period beginning week ending 1/5/2012 through week ending 12/27/2012.

REPORT THIS WEEK LAST WEEK DIFFERENCE
  Shipments 11,847 14,489 -2,642
 
SHIPMENTS 10 WEEKS 27 WEEKS THIS YEAR
Average 14,447 13,925 14,146
High 16,143 17,313 17,534
Low 11,847 11,376 7,324
 
 
Chart
 

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


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