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Story summary
- USDA cut late-June beef export totals by 90%, revising the week ending June 25 from 126,062 to 12,064 tons and dropping shipments to Chile to 367 tons and Italy to 350 tons.
- USDA said the original figures came from incorrect exporter data entered into a new reporting system launched in March.
- Analysts note a 21% staff loss at the Foreign Agricultural Service this year has eroded trader confidence in USDA reports.
