U.S. beef exports for the week of May 6-12 reached a 2016 high of 13,500 metric tons (mt) – up 7 percent from the previous week and 12 percent above the previous four-week average. Exports were the largest since December for South Korea (3,080 mt, +24 percent), Mexico (1,920 mt, +4 percent) and Canada (1,560 mt, +53 percent), and exports also increased to Japan (4,780 mt, +13 percent). Exports declined to Hong Kong (800 mt, -32 percent) and Taiwan (740 mt, -1 percent).
Beef net sales were 19,700 mt, up 46 percent from the previous week and 47 percent above the previous four-week average. Increases to Japan (8,220 mt, +56 percent), Korea (4,770 mt, +69 percent), Hong Kong (3,020 mt, +194 percent and the largest since January) and Taiwan (1,140 mt, +40 percent) more than offset slower sales to Mexico (1,130 mt, -32 percent) and Canada (480 mt, -63 percent).
U.S. pork exports totaled 21,800 mt, down 7 percent from last week’s 2016 high and 2 percent below the previous four-week average. Although exports increased to Mexico (7,060 mt, +11 percent), Japan (3,990 mt, +7 percent), Korea (2,490 mt, +25 percent), Colombia (380 mt, +7 percent), the Dominican Republic (190 mt, +16 percent) and New Zealand (20 mt, +87 percent), they were outweighed by decreases to China (3,890 mt, -23 percent), Canada (1,230 mt, -10 percent), Australia (1,070 mt, -15 percent) and Hong Kong (670 mt, -20 percent).
Pork net sales were the lowest of the year at 8,000 mt – down 56 percent from the previous week and 76 percent below the previous four-week average. Sales increased to Japan (3,570 mt, +25 percent), Australia (1,120 mt, +132 percent), New Zealand (330 mt, +143 percent) and the Dominican Republic (150 mt, +99 percent). Sales slowed significantly to Mexico (1,350 mt, -93 percent), China (340 mt, -96 percent), Hong Kong (270 mt, -69 percent), Canada (250 mt, -78 percent), Colombia (110 mt, -71 percent) and Korea (100 mt, -93 percent). For the fourth consecutive week, corrections resulted in negative net sales for Costa Rica (-130 mt).
- 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 cancellations or adjustments.