Weekly beef exports higher on sales to Hong Kong

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U.S. beef export sales increased four percent last week, moving higher for the second consecutive week with an increase of 566 metric tons to 15,189 MT. The steady improvement keeps beef export sales above the 27-week average, however sales remain 985 MT below the average for the year.

Weekly sales moved higher with the help of sales to Hong Kong, purchasing 3,900 MT. Other countries purchasing U.S. beef last week were Canada (2,800 MT), South Korea (2,700 MT), Japan (2,600 MT), and Mexico (2,000 MT).

Beef export shipments saw a 21 percent increase last week, raising the four-week average by six percent over the previous figure. Shipments were 2,709 metric tons higher, totaling 15,778 MT. The increase recovered all of the previous week’s losses, moving export shipments above the 27-week average. Shipments of U.S. beef were primarily to Japan (4,300 MT) last week. Others receiving U.S. beef included Hong Kong (3,300 MT) and North American neighbors Mexico (2,600 MT) and Canada (2,400 MT). South Korea received 1,600 MT of U.S. beef.


REPORT THIS WEEK LAST WEEK DIFFERENCE
  Shipments 15,778 13,069 2,709
 
SHIPMENTS 10 WEEKS 27 WEEKS THIS YEAR
Average 14,265 14,308 14,058
High 15,821 17,534 17,534
Low 11,632 11,376 7,324
 
 
Chart
 

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


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