USDA lowers reported beef export sales by 90% amid growing doubts over data

AI Summary

The US Department of Agriculture drastically revised its beef export sales data for late June, lowering the reported sales by 90%. This revision has raised concerns about the accuracy of USDA data following government staffing changes during the Trump administration.

The US Department of Agriculture dramatically lowered its reported beef export sales for late June on Thursday, sparking fresh concerns about the quality of the agency’s data after staffing losses as part of the Trump administration’s reshaping of the federal government. USDA said exporters in late June sold a net 12,064 tonnes of US beef to foreign buyers, 90 per cent lower than the volume it originally reported ‌a week ago. Traders had largely dismissed USDA’s initial report as inaccurate....