News

Another strong week for pork export sales

Export sales for pork hit a marketing year high.  The USDA says sales were up 66 percent from the previous week and 88 percent from the prior 4-week average.  Mexico again was the largest customer.

Soybeans were up 21 percent from the previous week, but down 9 percent from the prior 4-week average.  Increases were primarily for China.  Exports were down 9 percent from the previous week, but up 4 percent from the prior 4-week average.  Export sales for soybean cake and meal hit a marketing year low, and were down 44 percent from the previous week and down 51 percent from the prior 4-week average.  Soybean oil export sales were down 69 percent for the previous week and down 73 percent from the prior 4-week average. 

Corn export sales were up 13 percent from the previous week and up 6 percent from the prior 4-week average.  Increases were seen for South Korea.  Exports were up 9 percent from the previous week. 

Export sales for wheat were up noticeably from the previous week and up 40 percent from the prior 4-week average.  Increases were primarily seen for Ecuador, Japan, the Dominican Republic, Taiwan, and Venezuela.  Exports were up 17 percent from the previous week.  

Upland cotton export sales were up 53 percent from the previous week, but down 26 percent from the prior 4-week average.  Increases were primarily for Vietnam, Turkey, Pakistan, and Bangladesh.  Exports were unchanged from the previous week, but up 6 percent from the prior 4-week average.

Sorghum export sales were up 75 percent from the previous week, but down 4 percent from the prior 4-week average.  Increases were for Mexico.  Exports were up noticeably for the week.

Export sales for rice were down 67 percent from the previous week and down 37 percent from the prior 4-week average.  Exports were up 10 percent from the previous week.

Export sales for beef were up 16 percent from the previous week, but down 19 percent from the prior 4-week average.  Increases were primarily for South Korea, Japan, Hong Kong, Mexico, and China. Exports were up 6 percent from the previous week. 

Export business is influenced by several factors, including seasonal changes in supply, currency prices, and geopolitics.

The USDA’s next round of supply and demand estimates is out April 10th.