Beef, soybean product export sales up on week

Beef and soybean products export sales for the week ending May 18th were the highlights of the USDA’s weekly numbers. Beef sales were up on the week and above average, with Japan, South Korea, and China topping the list. Soybean meal and oil were both considerably larger than last week, with the U.S. filling some of the void left by a much smaller crop in Argentina. Old crop soybean sales were higher than the previous week, but lower than average, wheat hit another marketing year low, and pork, corn, sorghum, cotton, and rice all posted week-to-week declines.

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