United States: Pork exports drop as corn rises

Published 2021년 10월 7일

Tridge summary

The USDA has reported a significant fluctuation in US agricultural exports, with pork exports seeing a sharp decline while corn exports surged. Pork sales were down 48% with Mexico stopping purchases, but corn export sales rose to over 1.25 million tons, largely due to a sale of over 800,000 tons to Mexico. Soybean and beef exports also saw slight decreases, with China being the main buyer for both. Wheat, corn, and sorghum sales are surpassing last year's figures, while soybean meal and oil sales are down. Upland cotton sales are also down, with China being the main buyer. Net beef and pork sales were also reported, with Mexico being the main buyer for pork and Japan for beef.

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

Original content

The USDA says pork exports fell sharply during the week ending September 30th, while corn saw a big jump. Pork sales of just over 22,000 tons were down 48% on the week, with Mexico buying 16,000 tons and China completely absent. Corn export sales topped 1.25 million tons following the sale of more than 800,000 tons to Mexico. The prior week’s total for corn was just 370,400 tons. Soybean and beef exports both dipped slightly from the previous week’s levels, with China the big buyer for both. The USDA’s next set of supply and demand estimates is out Tuesday, October 12th at Noon Eastern/11 Central.Physical shipments of wheat were above what’s needed weekly to meet USDA projections for the current marketing year. The 2021/22 marketing year kicked off June 1st for wheat, August 1st for cotton and rice, September 1st for beans, corn and sorghum, and October 1st for soybean products.Wheat came out at 333,200 tons (12.2 million bushels), up 15% from the week ending September 23rd, but ...

Source: Brownfield Ag