US beef and pork export sales up on week

Published 2021년 9월 23일

Tridge summary

The article reports an increase in the sales of pork and beef exports, with Mexico and Japan being the main buyers for pork and beef respectively. While pork sales saw a significant increase of 29%, beef sales grew by 3%. On the other hand, soybean sales have decreased, despite strong interest from China. Corn sales have also seen an uptick, especially from Canada and Mexico. The article also provides figures for the physical shipments of wheat, corn, sorghum, rice, soybeans, soybean meal, soybean oil, and upland cotton. The article also mentions the differences in marketing years for different agricultural products.

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

Original content

Pork and beef export sales both showed week-to-week improvements. The USDA says pork sales during the week ending September 16th were more than 32,000 tons, a jump of 29% on the week, with Mexico buying half of the total, but no purchases by China. Beef sales were nearly 16,000 tons, 3% higher, with Japan, South Korea, and China topping the list. Corn sales were up on the week, led by Canada and Mexico, while soybeans declined, even with solid interest from China, and wheat backed off from the previous week’s marketing year high. The USDA’s next set of supply and demand estimates is out October 12th.Physical shipments of wheat were above what’s needed to meet projections for the current marketing year. The 2021/22 marketing year got underway June 1st for wheat, August 1st for cotton and rice, and September 1st for beans, corn, and sorghum, while 2020/21 kicked off October 1st, 2020 for soybean products. The marketing year for beef and pork is the calendar year.Wheat came out at ...

Source: Brownfield Ag