U.S. meat export sales were up during the week ending September 14th. The USDA says beef and pork both recovered from the previous week’s drops, with Japan and South Korea topping the list for beef and Mexico buying nearly half of the weekly total for pork. Grain and oilseed export sales were generally bearish, with improvements for corn and cotton against declines in soybeans, soybean products, sorghum, wheat, and rice. Export trade is driven by several factors, including currency movement, price floors set by some countries, and seasonal shifts in supply and demand.
