U.S. beef exports were 2,210 metric tons lower last week, moving below the 27-week average and only 864 MT above the 10-week low. Beef exports fell 14 percent from the previous week, moving the four-week average down nine percent from the previous figure.
The majority of beef export shipments were to Japan, receiving 4,000 MT, followed by Mexico (2,600 MT), South Korea (2,000 MT), Canada (1,800 MT), and Hong Kong (1,800 MT).
Beef export sales improved, up 26 percent compared to the previous week to total 16,060 metric tons. Sales increased by 3,328 MT, increasing for the second consecutive week and moving above the average for the year.
Last week’s sales were primarily to Japan, purchasing 3,600 MT. Other countries purchasing U.S. beef last week included Mexico (3,600 MT), South Korea (3,300 MT), Hong Kong (3,000 MT), and Canada (1,100 MT)
|Data provided by iNet Solutions Group, Inc.|
|All commodity prices delayed 10 minutes.|