Pork export sales hit marketing year high

 

By John Perkins, Brownfield

April 1, 2021

 

The USDA says pork export sales during the week ending March 25th were a marketing year high at 61,000 tons. Just under half of the total was to China, which has recently reported more cases of African swine fever, and there were also solid sales to Mexico. Rice, sorghum, and soybean exports were up on the week, while beef, corn, wheat, soybean product, and cotton sales posted week to week declines. The USDA’s next set of supply and demand estimates is out on the 9th.

 

Physical shipments of corn, sorghum, and soybeans were more than what’s needed weekly to meet USDA projections for the current marketing year. The 2020/21 marketing year started June 1st, 2020 for wheat, August 1st, 2020 for cotton and rice, September 1st, 2020 for beans, corn, and sorghum, and October 1st, 2020 for soybean products...

 

Net beef sales totaled 18,700 tons, 1% lower than the prior week and 15% below the four-week average. The reported purchasers were Japan (6,000 tons), China (5,900 tons), South Korea (2,600 tons), Canada (1,100 tons), and Hong Kong (800 tons), with a cancellation by Kuwait (100 tons). Shipments of 18,600 tons were steady on the week and 1% above the four-week average, mainly to Japan (5,400 tons), South Korea (5,100 tons), China (2,900 tons), Mexico (1,400 tons), and Canada (800 tons).

 

Net pork sales totaled 61,000 tons, an increase of 58% from the previous week and 43% from the four-week average. The listed buyers were China (29,700 tons), Mexico (15,800 tons), Japan (4,600 tons), Canada (3,700 tons), and Australia (2,200 tons). Shipments of 40,400 tons were 5% higher than the week before and 2% more than the four-week average, primarily to China (11,900 tons), Mexico (9,900 tons), Japan (5,200 tons), South Korea (4,000 tons), and Colombia (1,800 tons).

 

more

https://brownfieldagnews.com/news/pork-export-sales-hit-marketing-year-high/