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USDA reports unusually large US beef export sales, raising doubts over data

  • The USDA stunned traders by reporting a huge spike in U.S. beef export sales — a marketing‑year high of 126,062 metric tons for the week ended June 25 — that many found implausible.
  • The agency said much of the volume was reported late (held over several reports) and data-entry errors (kg vs. metric tons) were suspected, though USDA says it verified quantities with an exporter.
  • With U.S. beef supplies tight and prices already at record highs, a real surge in exports could push domestic beef costs even higher during the summer grilling season.
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