United States: Beef and pork export sales down on the week

Published 2021년 7월 15일

Tridge summary

U.S. meat exports experienced a decline in the week ending July 8th, largely due to the observance of Independence Day, with significant decreases in pork and beef export sales, particularly from China and Japan respectively. While grain and oilseed sales remained steady, demand was partially limited by high prices. In contrast, wheat sales saw an increase, with the Philippines as the main buyer. Meanwhile, corn sales were down slightly but remained high, with Japan and Mexico as the leading buyers. Overall, net beef shipments were down by 44%, with Japan, Mexico, and China as the main buyers, and net pork shipments were down by 68%, with Mexico, Japan, and Honduras as the main buyers.

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

Original content

U.S. meat exports during the week ending July 8th failed to hold at the previous week’s lofty levels. That is due in part to it being a holiday week, with many U.S. operations closed July 5th in observance of Independence Day. The USDA says pork export sales of 10,600 tons were down 76% on the week, with a net reduction by China, and beef export sales of 9,300 tons were 61% less than the week before. Grain and oilseed sales were generally routine, with U.S. sellers facing plenty of competition and demand partially limited by relatively high prices. The USDA’s next set of supply and demand estimates is out August 12th.The 2021/22 marketing year started June 1st, 2021 for wheat, while 2020/21 got underway August 1st, 2020 for cotton and rice, September 1st, 2020 for corn, sorghum, and soybeans, and October 1st, 2020 for soybean products. The marketing year for beef and pork is the calendar year.Wheat came out at 424,700 tons (15.6 million bushels), up 46% from the week ending July ...

Source: Brownfield Ag