Global: Beef export sales up on week

Published 2021년 11월 12일

Tridge summary

The USDA's report shows a mixed trend in agricultural export sales for the week ending November 4th. Beef exports experienced a significant increase of 23%, with major purchases from China, Taiwan, and Japan, while pork exports saw a decrease of 49%. Corn, soybean, wheat, sorghum, soybean oil, and cotton exports also saw a decline in weekly sales, but rice and bean meal exports increased. Physical shipments of soybeans surpassed projections for the current marketing year. Wheat, corn, and upland cotton exports also experienced a decrease in sales compared to the previous year. Net beef sales totaled 20,600 tons, a 23% increase, and net pork sales were 23,300 tons, a 49% decrease.

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

Original content

The USDA says beef export sales popped higher during the week ending November 4th. Sales of 20,600 tons were up 23% on the week, with China, Taiwan, and Japan taking the lead. Pork sales fell 49%, Mexico and China were the top buyers, and the USDA says South Korea bought 13,300 tons for delivery next year. Corn, soybean, wheat, sorghum, soybean oil, and cotton export sales posted week to week declines, while bean meal and rice moved higher. The USDA’s next set of supply and demand estimates is out December 9th.Physical shipments of soybeans were more than what’s needed to meet USDA projections for the current marketing year. The 2021/22 marketing year started June 1st for wheat, August 1st for cotton and rice, September 1st for beans, corn, and sorghum, and October 1st for soybean products. The marketing year for beef and pork is the calendar year.Wheat came out at 285,900 tons (10.5 million bushels), down 29% from both the week ending October 28th and the four-week average. The ...

Source: Brownfield Ag