Weekly beef export sales roar in the New Year

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Although export shipments of U.S. beef fell for the second consecutive week, sales started the year on a high note with an increase of almost 34,000 metric tons.

Sales totaled 36,403 MT last week, an increase of 33,911 metric tons from the previous week. Most of the sales were outstanding on Dec. 31 and carried over to the 2014 marketing year. However, 5,800 MT were recorded for the new marking year beginning on Jan. 1. Sales for the New Year were primarily to Hong Kong (2,600 MT), Japan (1,100 MT), Canada (600 MT), and Taiwan (500 MT).

Export shipments fell lower at the start of 2014. Totals declined by 7,788 metric tons to 2,286 MT on Jan. 2. Shipments were mainly for Hong Kong (600 MT), South Korea (600 MT), and Japan (400 MT).

Total beef exports in 2013 declined from the previous year, from 731,800 MT in 2012 to 695,000 MT last year. The year-to-year total was a five percent decline.


REPORT THIS WEEK LAST WEEK DIFFERENCE
  Sales 36,403 2,492 33,911
 
SALES 10 WEEKS 27 WEEKS THIS YEAR
Average 9,677 14,604 36,403
High 36,403 55,475 36,403
Low 2,492 2,492 36,403
 
 
Chart
 

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


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