Alert

5/6/21 Brett Stuart Weekly U.S. beef export shipments declined slightly for the 2nd straight week, yet still remain in a narrow 9-week range. Total shipments were reported at 18,472 mt…

4/29/21 Brett Stuart Weekly U.S. beef export shipments (18,686 mt) declined for the first time in 6 weeks.  The decline was slight with similar slight declines noted to Korea, Mexico,…

4/22/21 Brett Stuart Weekly U.S. beef export shipments (19,049 mt) remain in a near-perfect trendline, moving slightly higher each of the past 7 weeks. This was the 2nd highest week…

4/15/21 Brett Stuart Weekly U.S. beef export shipments increased slightly, maintaining a seven-week steady growth rate.  At 19,049 mt, last week saw the 2nd highest export shipments yet this year. …

Weekly beef export shipments were the 2nd highest yet this year on strong Korean and Chinese demand.  Shipments to China reached a new record high.  Pork shipments were slightly lower from last week but saw the 2nd highest weekly exports to China this year.  Note my comments as well on the SHARP sustained drop in Chinese hog prices, now down -39% since the first week of January and approaching pre-ASF levels.

Weekly beef exports bumped higher to the 2nd highest week yet this year on Asian growth. China saw the 2nd highest weekly beef shipments ever. U.S. beef outstanding sales (orders not yet shipped) stand at record highs, due to soaring beef prices in Brazil and Australia. Pork export shipments declined slightly this week with China and other Asian shipments lower (but Mexico to record highs). Pork bookings remained near steady with a hesitancy of foreign buyers to dive in at these higher U.S. prices. Chinese hog prices are now down -27% since the first week of January and lack the ability to spur new U.S. business. Chinese corn bookings showed the 3.9 mmt that was in the news last week.

3/18/21 Brett Stuart Weekly U.S. beef export shipments were near steady with last week at 17,789 mt.  Shipments dropped to Korea, rose to Japan, and held steady to China.  China…