Solid week for beef, pork export sales in the United States

Updated Sep 3, 2021
U.S. meat export sales showed solid week-to-week improvement. The USDA says pork export sales for the week ending August 26th of 33,500 tons were up 39%, including sales of more than 20,000 tons to Mexico, while beef exports of 15,600 tons were 49% higher, with South Korea leading the way. Wheat export sales were sharply higher and new crop corn and soybean sales were strong.
The USDA’s next set of supply and demand estimates is out September 10th.The 2021/22 marketing year started June 1st, 2021 for wheat, August 1st, 2021 for cotton and rice, and September 1st, 2021 for corn, sorghum, and soybeans, while 2020/21 kicked off October 1st, 2020 for soybean products. The marketing year for beef and pork is the calendar year.Wheat came out at 295,300 tons (10.9 million bushels), up sharply from the week ending August 19th and 15% from the four-week average. Mexico purchased 103,900 tons and Japan bought 92,400 tons, while unknown destinations canceled on 100,000 tons. Nearly a quarter into the 2021/22 marketing year, wheat sales are 346.2 million bushels, compared to 452.4 million in 2020/21.Old crop corn had a net reduction of 300,800 tons (-11.8 million bushels). Sales ranged from 1,400 to 33,000 tons, but those were offset by cancellations of 209,800 tons and 133,200 tons by Canada and China, respectively. With just a few reporting days left in the ...
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