Weekly U.S. beef sales roar back on purchases by Japan

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U.S. beef export sales totaled 20,418 metric tons last week, an increase of 15,718 MT lifting sales to a 10-week high and ending four weeks of consecutive losses. Weekly sales improved as Japan led all exports, purchasing 6,200 MT. Other high beef export sales were noted for Hong Kong (5,400 MT, including 1,100 MT switched from Vietnam and 100 MT switched from the Philippines), Mexico (4,400 MT), South Korea (1,800 MT), and Canada (1,800 MT). Decreases were reported for Vietnam (1,100 MT).

Export shipments of U.S. beef were also higher last week, gaining 1,660 metric tons to move 14 percent higher than the previous week. Shipments totaled 13,959 MT last week, moving shipments 909 MT above the 10-week average. The second consecutive week of higher shipments moves the four-week average up 17 percent from the previous figure. The majority of last week’s export shipments were to Japan, receiving 5,200 MT of U.S. beef, followed by Mexico (2,600 MT), South Korea (1,700 MT), Canada (1,600 MT), and Hong Kong (1,300 MT). 

REPORT THIS WEEK LAST WEEK DIFFERENCE
  Sales 20,418 4,700 15,718
 
SALES 10 WEEKS 27 WEEKS THIS YEAR
Average 13,555 15,668 16,842
High 20,418 67,124 67,124
Low 4,700 3,878 3,878
 
 
Chart
 

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


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