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China Drives Strong Week for U.S. Pork Net Sales

Pork-Sales-China

U.S. pork exports for the week of Jan. 29 through Feb. 4 totaled 16,300 metric tons (mt), down 11 percent from the previous week and 4 percent below the previous four-week average. Larger exports to Canada (1,360 mt, +14 percent), Hong Kong (910 mt, +16 percent), Australia (790 mt, +13 percent) and Chile (320 mt, +61 percent) were outweighed by lower exports to Mexico (4,150 mt, -17 percent), Japan (3,250 mt, -3 percent), China (2,300 mt, -5 percent), Korea (1,930 mt, -5 percent) and Colombia (320 mt, -24 percent).

Pork net sales were 25,900 mt, up 40 percent from the previous week and 35 percent above the previous four-week average. The increase was driven by larger sales for China (15,000 mt, +675 percent and the largest since improved reporting began in August 2014), while sales also increased for Japan (4,180 mt, +3 percent) and Hong Kong (900 mt, +16 percent). Sales slowed to Korea (2,120 mt, -23 percent), Mexico (1,490 mt, -74 percent), Canada (730 mt, -59 percent), Chile (260 mt, -24 percent), Australia (220 mt, -11 percent) and Colombia (120 mt, -74 percent).

Pork exports

U.S. beef exports totaled 11,000 mt, down 11 percent from the previous week but 2 percent above the previous four-week average. Increases to Japan (3,820 mt, +17 percent and the largest since July), Hong Kong (1,910 mt, +11 percent) and Mexico (1,420 mt, +10 percent) offset decreases to South Korea (2,240 mt, -11 percent), Canada (870 mt, -7 percent) and Taiwan (410 mt, -20 percent).

Beef net sales were 10,600 mt, up 12 percent from the previous week but 8 percent below the previous four-week average. Sales increased to Japan (5,090 mt, +58 percent), but slowed to other main destinations including Korea (2,020 mt, -40 percent), Hong Kong (1,260 mt, -19 percent), Canada (800 mt, -26 percent), Mexico (600 mt, -52 percent) and Taiwan (170 mt, -75 percent).

  • 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.