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2015 High for U.S. Beef Exports; Pork Net Sales also Higher

Weekly-Beef-Exports-Sales

U.S. beef exports for the week of June 5-11 reached a 2015 high of 14,200 metric tons (mt), up 1 percent from the previous week and 15 percent above the previous four-week average. Exports were steady-to-higher for all major destinations, including Japan (4,100 mt, +11 percent), South Korea (2,900 mt, +26 percent), Hong Kong (2,300 mt, +32 percent), Mexico (1,700 mt, steady), Canada (1,700 mt, +18 percent) and Taiwan (1,100 mt, +27 percent).

Beef net sales were 8,200 mt, down 52 percent from the previous four-week average, as larger sales for Mexico (2,300 mt, +17percent) were more than offset by lower volumes for Korea (1,900 mt, -50 percent), Canada (1,200 mt, -24 percent), Japan (1,000 mt, -79 percent) Taiwan (800 mt, -4 percent) and Hong Kong (500 mt, -84 percent).

U.S. pork exports totaled 19,200 mt, down 4 percent from the previous four-week average. Primary destinations were Mexico (6,700 mt, +10 percent), Japan (3,400 mt, steady), Canada (1,800 mt, -5 percent), Korea (1,300 mt, -33 percent), China (1,100 mt, -32 percent), the Dominican Republic (700 mt, +51 percent following large exports of 1,500 mt the previous week) and Honduras (600 mt, +40 percent).

Weekly-Pork-Exports-Sales

Pork net sales were 22,600 mt, up 38 percent from the previous four-week average, with larger volumes booked for Mexico (8,100 mt, +10 percent), China (5,100 mt, the largest since late March and the first significant sales since early April), Chile (1,600 mt, +115 percent following large sales of 2,500 mt the previous week), Colombia (1,200 mt and the largest since early March) and the Dominican Republic (800 mt, +95 percent following large sales of 1,440 mt the previous week). Sales for Japan (2,600 mt, -1 percent) edged slightly lower.






NOTES:

  • Source: USDA/FAS (includes exports and sales of whole muscle cuts).
  • Percent change is compared to the previous four-week average, unless otherwise noted.
  • Export is defined as an actual shipment from the U.S. to a foreign country.
  • Export sale is defined as a transaction entered into between a reporting exporter and a foreign buyer. Sales can be cancelled or adjusted in following weeks, thus “net” sales are reported as the difference between new sales and any cancelations or adjustments.