Another marketing year low for pork export sales in the US

Published 2021년 4월 22일

Tridge summary

The USDA has reported a significant fluctuation in agricultural export sales, with pork sales reaching a marketing year low for the second week in a row due to a reporting error with Mexican sales in 2020. Despite this setback, there has been an increase in demand for corn, beef, wheat, soybean products, and rice. Wheat and corn sales have seen notable improvements, while sorghum sales have experienced a decline due to cancellations. The next set of supply and demand estimates from the USDA is due on May 12th.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The USDA says pork export sales during the week ending April 15th were a marketing year low for the second consecutive week. The net reduction of more than 22,000 tons occurred the USDA found a reporting error for sales to Mexico in 2020, cancelling out an otherwise decent week of sales, including more than 13,000 tons to China. Corn, beef, wheat, soybean product, and rice all showed week to week demand improvements, while soybeans, sorghum, and cotton sales declined. The USDA’s next set of supply and demand estimates is out May 12th.Physical shipments of corn and sorghum were more than what’s needed to meet USDA projections for the current marketing year, while soybeans fell just short. The 2020/21 marketing year started June 1st, 2020 for wheat, August 1st, 2020 for cotton and rice, September 1st, 2020 for beans, corn, and sorghum, and October 1st, 2020 for soybean products. The calendar year is the marketing year for beef and pork.Wheat came out at 240,200 tons (8.8 million ...

Source: Brownfield Ag