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Big Rebound for U.S. Beef; Pork Trends Lower

U.S. beef exports for the week of Sept. 2-8 (which included the Labor Day holiday) were 17,400 metric tons (mt) – the largest weekly total since 2012 and 38 percent above the previous four-week average. Exports to Hong Kong (2,710 mt, +82 percent) and Mexico (2,380 MT, +58 percent) were the largest since December and exports to Taiwan (1,330 MT, +29 percent) were the largest since 2010. Exports also increased to Japan (4,710 mt, +29 percent), South Korea (4,000 mt, +14 percent) and Canada (1,330 mt, +75 percent).

Beef net sales reached 20,300 mt, up 90 percent from the previous four-week average. Sales for Taiwan (2,030 mt, +149 percent) were also the largest since 2010 and sales increased to all main destinations including Korea (5,040 mt, +46 percent), Japan (4,530 mt, +118 percent), Hong Kong (3,360 mt, +139 percent and the largest since January), Mexico (2,630 mt, +81 percent) and Canada (1,400 mt, +102 percent). Net sales for 2017 were reported for Japan (100 mt).

U.S. pork exports totaled 16,800 mt, down 14 percent from the previous week and 10 percent below the previous four-week average. Exports increased to Mexico (7,340 mt, +1 percent), Korea (1,340 mt, +11 percent) and Australia (690 mt, + 48 percent), but declined to Japan (3,300 mt, -16 percent), Canada (1,310 mt, -11 percent), China (920 mt, -31 percent), Hong Kong (900 mt, -18 percent) and Chile (250 mt, -53 percent).

Pork net sales were 20,800 mt, down 14 percent from the previous week and 8 percent below the previous four-week average. Increased sales to Mexico (8,310 mt, +11 percent), Japan (4,420 mt, +9 percent), Canada (2,800 mt, +92 percent and the largest since January) and Chile (1,050 mt, +65 percent) were outweighed by slower sales to Korea (1,170 mt, -75 percent), Hong Kong (420 mt, -69 percent), China (340 mt, -38 percent) and Australia (1 mt, -100 percent). Net sales for 2017 were reported for Mexico (100 mt) and Chile (100 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.

Weekly US beef exports

 

Weekly US pork exports