Beef export sales establish marketing year high

The USDA says beef export sales hit a marketing year high during the week ending May 5th. Beef nearly doubled the previous week’s total thanks to strong sales to South Korea and Japan, with Mexico, Canada, and Indonesia rounding out the list of buyers. That’s in contrast to several other key commodities, with corn, soybeans, wheat, and cotton all notching marketing year lows and sorghum and soybean product sales also down on the week. Those were hit hard by a combination of China being out of the market for a holiday, global currency movement, and relatively high U.S.

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