Weekly Export Sales Are In
MORNING LIVESTOCK OUTLOOK
Strong pork exports at 44,700 MT this week. Mexico took 17,700 MT followed by China taking 12,500 MT but dropping to Japan with just 3,700MT. China likely is buying to refill stocks after the heavy use of pork during the Lunar New Year. It is disappointing to see Japan taking a small amount of pork. Trade agreements with Brazil has hurt US exports to Japan and there are rumors and talk that China is selling pork to Japan.
Beef net sales were 25,100 MT. South Korea, the best buyer in 2022 came back taking 10,000MT followed by Japan with 4400 mt and China taking 4200 mt about the average China has been lately taking.
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