# Weekly soymeal, beef sales carve new marketing-year lows - Pro Farmer

> USDA weekly export sales for the week ended July 4 showed soybean meal sales down 75% from the prior week, with beef sales down 46%. Corn net sales were 538,300 MT for 2023/24 and 116,500 MT for 2024/25, with major buyers including Mexico, Japan and Colombia.

- Date: 2024-07-11 · published 2024-07-11T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/5659-weekly-soymeal-beef-sales-carve-new-marketing-year-lows-pro-farmer
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Weak meal export sales point to soft foreign demand for US soymeal, which pressures meal prices, while corn sales support ongoing feed grain demand.

## Read by commodity

- SBM: bearish ▼
- CORN: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBM | 2024-07-15 | 5 | -7.8% | -2.9 | Weekly soymeal export sales fell 75% to marketing-year lows, signaling weak export demand that weighed on meal prices. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2023-03-23 | [Corn, soybean oil export sales hit marketing year highs \| News-Talk 1230 KFJB](https://feedsoft.ai/events/14861-corn-soybean-oil-export-sales-hit-marketing-year-highs-news-talk-1230-kfjb.md) | +0.5% | -0.2% |
| SBM | 2018-10-29 | [Markets: Feed markets hold steady - Farmers Weekly](https://feedsoft.ai/events/62615-markets-feed-markets-hold-steady-farmers-weekly.md) | +1.2% | -1.4% |
| SBM | 2026-08-21 | [Pro Farmer National Forecast: Corn Falls Short of Last Year's Record, But Soybeans Eye New Milestone - AgWeb](https://feedsoft.ai/events/12967-pro-farmer-national-forecast-corn-falls-short-of-last-year-s-record-but.md) | +5.0% | +16.1% |
| SBM | 2022-03-31 | [PF Report Reaction: Corn, soybean planting intentions shock markets - Pro Farmer](https://feedsoft.ai/events/42295-pf-report-reaction-corn-soybean-planting-intentions-shock-markets-pro-farmer.md) | -2.3% | -6.5% |
| SBM | 2023-09-29 | [PF Report Reaction: Markets react negatively to Sept. 29 data - Pro Farmer](https://feedsoft.ai/events/34113-pf-report-reaction-markets-react-negatively-to-sept-29-data-pro-farmer.md) | -4.6% | +9.0% |
| CORN | 2023-03-23 | [Corn, soybean oil export sales hit marketing year highs \| News-Talk 1230 KFJB](https://feedsoft.ai/events/14861-corn-soybean-oil-export-sales-hit-marketing-year-highs-news-talk-1230-kfjb.md) | +1.6% | +0.2% |
| CORN | 2021-04-01 | [UK feed wheat price rises after surprise in global market - Farmers Weekly](https://feedsoft.ai/events/47552-uk-feed-wheat-price-rises-after-surprise-in-global-market-farmers-weekly.md) | +0.1% | +17.6% |
| CORN | 2026-08-21 | [Pro Farmer National Forecast: Corn Falls Short of Last Year's Record, But Soybeans Eye New Milestone - AgWeb](https://feedsoft.ai/events/12967-pro-farmer-national-forecast-corn-falls-short-of-last-year-s-record-but.md) | +5.3% | +9.1% |

## Sources

- profarmer.com: https://www.profarmer.com/news/agriculture-news/weekly-soymeal-beef-sales-carve-new-marketing-year-lows

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.