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Big Week for U.S. Beef Net Sales in Japan, Korea; Pork Net Sales Strong in Mexico

WeeklyUSBExports

U.S. beef exports for the week of July 18-24 totaled 14,400 metric tons (mt), up 4 percent from the previous four-week average, led by large volumes for Japan (5,400 mt, +17 percent). Results for other destinations included Mexico (2,000 mt, +1 percent), South Korea (2,000 mt, -2 percent), Hong Kong (1,900 mt, -2 percent), Canada (1,700 mt, +13 percent) and Taiwan (600 mt, -27 percent).

WeeklyUSBSales

Beef net sales were 17,300 mt, up 60 percent from the previous four-week average, led by large sales for Japan (12,200 mt, +176 percent) and Korea (2,100 mt, +68 percent). Volumes were smaller for other major destinations including Canada (900 mt, -22 percent), Mexico (700 mt, -61 percent), Hong Kong (400 mt, -50 percent) and Taiwan (360 mt, -28 percent).

U.S. pork exports for the week totaled 8,200 mt, down 8 percent from the previous four-week average. Primary destinations were Mexico (2,900 mt, -12 percent), Canada (1,300 mt, +18 percent), Japan (1,100 mt, -17 percent), Hong Kong (800 mt, +32 percent), Korea (600 mt, +92 percent) and China (300 mt, -26 percent).

Despite a very big week for Mexico (4,300 mt, +64 percent), pork net sales were down 4 percent from the previous four-week average to 6,900 mt. Lower sales were reported for Japan (400 mt, -60 percent), Hong Kong (400 mt, -53 percent), Canada (400 mt, -20 percent), Korea (400 mt, -43 percent) and China (300 mt, -19 percent).

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.