Beef export shipments from the U.S. continue to show slow and steady growth, gaining 354 metric tons this week to total 14,313 metric tons. Shipments have improved for the third consecutive week with last week’s total just 31 MT below the 27-week average. According to the USDA, beef export shipments have moved to a new marketing-year high with the three percent increase from the previous week. Last week’s gains have also moved the four-week average 14 percent higher than the previous figure.
Shipments were primarily to Japan, receiving 5,000 metric tons, followed by Mexico (2,600 MT) and Canada (1,800 MT). Hong Kong and South Korea received 1,700 MT and 1,000 MT respectively.
U.S. beef sales declined by seven percent last week, falling 1,432 metric tons to 18,986 MT. Losses in last week’s sales were minimal compared to the previous week’s gains, keeping sales well above the 27-week average of 15,804 MT. Sales were primarily to Hong Kong (5,900 MT), followed by Japan (3,600 MT), Mexico (3,600 MT), Canada (2,500 MT), and South Korea (2,100 MT).