Weekly beef exports rebound strongly to recover losses

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click image to zoom Beef export sales recovered after three weeks of consecutive losses, gaining 3,846 metric tons last week to total 12,732 MT. The 43 percent increase moves export sales close to the 10-week average, lifting sales from the 10-week low set last week. Export sales remain 7,240 MT under the 10-week high set in June.

Beef sales for the week ending August 9 were primarily for Japan (4,600 MT), Mexico (3,100 MT), South Korea (1,900 MT), Canada (1,500 MT), and Hong Kong (500 MT).

U.S. beef export shipments reached a marketing year high last week, increasing by 1,605 metric tons to 16,143 MT. The 11 percent increase recovered all of the previous week’s losses as the four week average moved six percent higher than the previous week’s monthly average. Japan led the shipments category this week, receiving 5,000 metric tons. Mexico was a distant second, receiving 2,500 MT, followed by Canada (2,400 MT), Hong Kong (2,400 MT), and South Korea (2,000 MT).


REPORT THIS WEEK LAST WEEK DIFFERENCE
  Sales 12,732 8,886 3,846
 
SALES 10 WEEKS 27 WEEKS THIS YEAR
Average 13,216 14,064 15,649
High 19,972 31,465 67,124
Low 8,886 3,878 3,878
 
 
Chart
 

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


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anonymous    
August, 16, 2013 at 09:09 AM

Focus on shipments not sales (sales may be for shipment next week of six months from now).


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