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GeriUSDA Dramatically Lowers Beef Export Sales Data, Sparking Data Quality Concerns
USDA Dramatically Lowers Beef Export Sales Data, Sparking Data Quality Concerns
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SCMP Economy3 sa önceBusiness1 dk okumaChina

USDA Dramatically Lowers Beef Export Sales Data, Sparking Data Quality Concerns

Hızlı Bakış

  • The US Department of Agriculture revised down beef export sales for late June by 90%, citing incorrect data.
  • This follows previous data inaccuracies and staffing losses, eroding trust among traders and farmers.

Yapay zekâ özeti

Neden Önemli?

The US Department of Agriculture initially reported a large volume of beef export sales, which was later revised down significantly due to incorrect data. This incident has raised concerns about the agency's data reliability.

Yazı boyutu

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. Trust in USDA reports has suffered among traders, analysts and farmers following deep staff losses and after the agency significantly underestimated corn acres last year.

It also delayed a quarterly agricultural trade report and excluded findings that pointed to tariffs as a reason for a forecast increase in the agricultural trade deficit, which analysts said raised questions about its objectivity.

USDA said it received incorrect beef export sales data and published it in a weekly report on July 2. The data showed that 2026 sales reached a high of 126,062 tonnes in the week that ended on June 25, up nearly 500 per cent from a week earlier.

Traders and analysts had quickly cast doubt on the unusually large increase because it included sales to some countries that were several times larger than those countries had ever bought from the US.

Açık Sorular

  • What caused the initial data error?
  • Will further revisions be made?
  • What steps will USDA take to improve data accuracy?

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