USDA: Beef net sales finally stop slipping

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The USDA reported in its Weekly Export Sales report a slight uptick in beef net sales from last week’s report.

According to the USDA, 12,500 metric tons (MT) of beef were reported for the week ending May 1, up 10 percent from the previous week but down 28 percent from the four-week average. This week’s report showed the first increase in sales since late March.

Thursday’s report showed Japan as the primary destination with a shipment of 4,800 MT. Other primary destinations include Canada (2,600 MT), Mexico (1,600 MT), South Korea (1,000 MT), and Hong Kong (800 MT).

Beef exports were also up from the previous week, climbing 13 percent to 13,500 MT. Like with net sales, Japan was the primary destination with a shipment of 3,800 MT. Other notable buyers were South Korea (2,300 MT), Hong Kong (2,100 MT), Mexico (2,000 MT), and Canada (1,700 MT). 

Export sales do not directly relate to shipments.

REPORT THIS WEEK LAST WEEK DIFFERENCE
  Sales 12,533 11,371 1,162
 
SALES 10 WEEKS 27 WEEKS THIS YEAR
Average 15,470 12,764 15,449
High 21,924 36,403 36,403
Low 11,099 2,492 8,063
 
 
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