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

Published 2021년 9월 2일

Tridge summary

The article reports a notable increase in U.S. meat export sales for the week ending August 26, 2021, as per the USDA. This includes a 39% rise in pork exports to Mexico and a 49% increase in beef exports to South Korea. Additionally, wheat, corn, soybean, and cotton sales were strong, while soybean meal and oil sales saw some improvement. However, rice and upland cotton exports experienced a decline. These figures are a part of the 2021/22 marketing year, which started between June and September for various crops and animals, with the calendar year serving as the marketing year for beef and pork.

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

Original content

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 ...

Source: Brownfield Ag