Beef is high in all markets
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U.S. beef export shipments continue to trend up, moving 3 percent higher than the previous week to 12,700 metric tons. The increase did not impact the 4-week average, but dropped the 27-week average slightly to 13,183 MT.
The primary destination continues to be Japan, bringing in 3,700 MT, the same amount from the previous week. Other destinations include South Korea (2,300 MT), Hong Kong (2,200 MT), Mexico (2,100 MT), and Canada (900 MT).
Beef export sales continue to break marketing-year high records, with net sales of 21,900 MT. The 3,400 MT increase from the previous week moves the 4-week average up 42 percent and the 27-week average to 14,462 MT.