US pork exports hit marketing year low

USDA: Pork Export Sales at Marketing Year Low, China Stops Purchasing U.S. Pork 📉

Highlights:
- USDA reports a decrease in export sales of various agricultural products for the second week in a row, following a high during the week of March 25th.
- Pork exports have hit a marketing year low due to China's absence in purchases.
- Wheat, corn, soybeans, cotton, and rice also experienced a decline in old crop sales.
- Sorghum sales surged due to strong demand from China.
- Wheat, corn, and sorghum shipments exceeded projections for the current marketing year.
- Wheat, corn, and soybean sales for the 2021/22 delivery were mainly to unknown destinations and Philippines, China, and Mexico, respectively.
- Sorghum exports to China and unknown destinations increased significantly.
- Net beef sales were reported as 1% higher than the previous week, mainly to South Korea, Japan, China, and Mexico.
- Net pork sales saw a 2% decrease from the four-week average, primarily to China, Mexico, Japan, South Korea, and the Philippines.