Source: Brownfield Ag News
The USDA says pork export sales were up sharply during the week ending September 23rd. The total of 42,500 tons was 31% higher than the previous week, with Mexico and China combining for more than 80% of the week’s pork sales. Beef exports were up modestly, with Japan, South Korea, and China leading the way. Soybean, soybean product, cotton, and rice sales all showed week to week improvements, while corn and wheat sales declined. The USDA’s next set of supply and demand estimates is out October 12th.
Physical shipments of beans, corn, sorghum, and wheat were less than what’s needed to meet projections for the current marketing year. The 2021/22 marketing year started June 1st, 2021 for wheat, August 1st, 2021 for cotton and rice, and September 1st, 2021 for beans, corn, and sorghum, and starts October 1st, 2021 for soybean products. The marketing year for beef and pork is the calendar year.