United States: Beef, pork export sales up sharply on the week

Published 2021년 7월 9일

Tridge summary

The USDA reports a strong week for meat exports, with significant increases in pork and beef sales to countries such as China, Japan, and Mexico, and South Korea, Japan, and China respectively. While meat exports have seen an increase, corn and rice sales have also improved, with Mexico and Japan being the main buyers. On the other hand, soybean sales have seen a decline, despite some purchases by Japan and unknown destinations. The article also highlights the ongoing upland cotton exports, with Pakistan and China as the main buyers, and the shipping of beef and pork, with Mexico and China being the largest recipients.

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

Original content

The USDA says the week ending July 1st was a solid week for meat exports. Pork sales of almost 44,000 tons were up 53% on the week, with China, Japan, and Mexico purchasing most of the week’s total, and beef sales of nearly 24,000 tons were 96% higher, mainly to South Korea, Japan, and China. Those sales were also up sharply from the respective four-week average and might have been buyers getting ahead of the slowdown in business for the holiday week. Old and new crop U.S. corn sales improved from the previous week, while old and new crop soybeans declined. China did buy a small amount of old crop beans but didn’t buy any new crop beans or any corn. The USDA’s next set of supply, demand, and production numbers is out Monday, July 12th at Noon Eastern/11 Central.The 2021/22 marketing year got underway June 1st, 2021 for wheat, while 2020/21 started August 1st, 2020 for cotton and rice, September 1st, 2020 for corn, sorghum, and soybeans, and October 1st, 2020 for soybean ...

Source: Brownfield Ag