Weekly U.S. beef export sales stumble

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U.S. beef export sales fell lower last week, down 2,516 metric tons to 8,886 MT. The 22 percent decline move weekly exports lower for the third consecutive week, setting a new 10-week low. The lower totals remain 5,008 MT above the 27-week average.

Sales for the week were primarily to Canada, purchasing 2,400 MT, followed by Japan (1,900 MT) and Mexico (1,500 MT). Other major purchasers for the week included South Korea and Hong Kong, who purchased 1,300 MT and 1,000 MT respectively.

Beef export shipments were also lower, losing a marginal 837 metric tons to total 14,538 MT. The five percent decline moves last week’s shipments below the 10-week average. The last week of shipments also moved the four-week average down two percent compared to the previous week’s figure. The primary destinations for U.S. beef export shipments were Japan (4,600 MT), Mexico (2,700 MT), Canada (2,300 MT), Hong Kong (1,800 MT), and South Korea (1,600 MT). 


REPORT THIS WEEK LAST WEEK DIFFERENCE
  Shipments 14,538 15,375 -837
 
SHIPMENTS 10 WEEKS 27 WEEKS THIS YEAR
Average 14,709 14,238 14,150
High 15,821 17,534 17,534
Low 11,632 11,376 7,324
 
 
Chart
 

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


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