United States: Mexico, China makes up most of the week’s pork sales

Published 2021년 9월 30일

Tridge summary

The USDA's report shows an increase in pork and beef export sales, with Mexico and China being the main buyers of pork, and Japan, South Korea, and China leading the beef export sales. While pork and beef exports have seen an increase, sales of corn and wheat have declined, and rice, soybeans, soybean products, cotton, and rice sales have improved. The marketing year for these crops started between June and September 2021, and the USDA will release new supply and demand estimates on October 12th.

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

Original content

The USDA says pork export sales were up sharply during the week ending September 23rd. The total of 42,500 tons was 31% higher than the previous week, with Mexico and China combining for more than 80% of the week’s pork sales. Beef exports were up modestly, with Japan, South Korea, and China leading the way. Soybean, soybean product, cotton, and rice sales all showed week to week improvements, while corn and wheat sales declined. The USDA’s next set of supply and demand estimates is out October 12th.Physical shipments of beans, corn, sorghum, and wheat were less than what’s needed to meet projections for the current marketing year. The 2021/22 marketing year started June 1st, 2021 for wheat, August 1st, 2021 for cotton and rice, and September 1st, 2021 for beans, corn, and sorghum, and starts October 1st, 2021 for soybean products. The marketing year for beef and pork is the calendar year.Wheat came out at 290,100 tons (10.7 million bushels), down 19% from the week ending ...

Source: Brownfield Ag