US beef and pork export sales up on the week

Published 2021년 12월 2일

Tridge summary

U.S. meat export sales have seen an increase, with pork sales reaching over 40,000 tons, primarily to Mexico and China, and beef sales exceeding 20,000 tons, mainly to South Korea and China. However, corn and soybean sales have decreased, with wheat exports hitting a marketing year low. For the 2021/22 marketing year, wheat, corn, sorghum, rice, soybeans, soybean meal, soybean oil, upland cotton, net beef, and net pork sales are compared to the previous year, showing various trends in export volumes and destinations.

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

Original content

U.S. meat export sales moved higher during the week ending November 25th. The USDA says pork sales topped 40,000 tons, with about three quarters of that to Mexico and China, while beef sales were more than 20,000 tons, mainly to South Korea and China. Corn and soybean sales were down on the week, but both held above a million tons, while wheat exports notched a marketing year low. The USDA’s next set of supply and demand estimates is out Thursday, December 9th.The 2021/22 marketing year started June 1st for wheat, August 1st for cotton and rice, September 1st for beans, corn, and sorghum, and October 1st for soybean products. The marketing year for beef and pork is the calendar year.Wheat came out at 79,900 tons (2.9 million bushels), down 86% from the week ending November 18th and 80% from the four-week average. Colombia purchased 38,400 tons and Mexico bought 16,800 tons. Close to the halfway mark of the 2021/22 marketing year, wheat sales are 526.2 million bushels, compared to ...

Source: Brownfield Ag