Demand from Mexico drove U.S. pork export sales during the week ending July 22nd. The USDA says the weekly total was more than 40% above average, with about two thirds of that to Mexico. Beef export sales were down modestly on the week, all to either South Korea, Japan, or China. Old crop corn and soybean export sales were bearish due to heavy competition and relatively high prices, but new crop sales were good. The USDA’s next set of supply and demand estimates is out August 12th.
