Global beef export sales up on week ending June 3rd

Published 2021년 6월 10일

Tridge summary

The USDA's report shows an increase in beef export sales, with significant purchases from Japan, South Korea, Mexico, and China, while pork exports saw a decrease but remained strong in China and Mexico. Corn sales were low, with China not purchasing any new crop, and China also avoided buying U.S. soybeans. Wheat, sorghum, rice, soybeans, soybean meal, soybean oil, and upland cotton all experienced varied sales and shipments to various countries. The report also highlights the start of the 2021/22 marketing year for several agricultural commodities.

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

Original content

The USDA says beef export sales improved during the week ending June 3rd. Sales of 16,100 tons were up 28%, with Japan, South Korea, and Mexico all raising purchase levels, and China buying more than 2,000 tons, their first appearance in a couple of weeks. Pork exports were 19,700 tons, down 19% on the week, but with solid sales to China and Mexico. Old crop corn sales were less than half of the previous week and while China did buy old crop U.S. corn, they did not buy any new crop, and China also didn’t buy any U.S. soybeans, continuing to favor Brazil because of price factors and seasonal trends.The 2021/22 marketing year for wheat started June 1st, 2021, while 2020/21 got underway August 1st, 2020 for cotton and rice, September 1st, 2020 for beans, corn, and sorghum, and October 1st, 2020 for soybean products. The marketing year for beef and pork is the calendar year.Wheat came out at 325,900 tons (12.0 million bushels). South Korea purchased 80,300 tons and the Philippines ...

Source: Brownfield Ag