Weekly beef export shipments recover from 10-week low

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U.S. beef export shipments recovered last week after falling to a 10-week low the prior week. Export shipments improved by 1,575 metric tons to total 13,422 MT, remaining 502 MT below the 27-week average. Shipments increased by 13 percent over the previous week, however the four-week average fell one percent due to the previous week’s low total. Primary shipment destinations included Mexico (3,500 MT), Japan (1,300 MT), Hong Kong (1,200 MT), Canada (1,000 MT), and South Korea (300 MT).

Export sales were 11 percent lower last week with sales of 16,836 metric tons. Export sales remain above the 27-week average despite the 2,019 MT decrease. Sales were led by Canada, purchasing 3,100 MT, followed by Hong Kong (2,600 MT) and Japan (2,200 MT).


REPORT THIS WEEK LAST WEEK DIFFERENCE
  Shipments 13,422 11,847 1,575
 
SHIPMENTS 10 WEEKS 27 WEEKS THIS YEAR
Average 14,483 13,924 14,126
High 16,143 17,313 17,534
Low 11,847 11,376 7,324
 
 
Chart
 

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


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