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Good Week for Beef Exports, Pork Net Sales

Beef exports for the week of March 25-31 totaled 11,600 mt, up 19 percent from the previous week and 5 percent above the previous four-week average. Exports increased to Japan (3,860 mt, +8 percent), South Korea (2,520 mt, +8 percent), Mexico (1,510 mt, +14 percent), Canada (1,100 mt, +20 percent) and Taiwan (580 mt, +1 percent), outweighing decreased exports to Hong Kong (1,250 mt, -29 percent).

Beef Exports

Beef net sales of 11,300 mt for 2016 were down 60 percent from the previous week (a 2016 high) and 17 percent below the prior 4-week average. Sales increased to Mexico (1,770 mt, +29 percent and the largest since December) and Taiwan (1,590 mt, +111 percent and the largest since October), but slowed to other main destinations including Japan (3,130 mt, -42 percent), South Korea (2,350 mt, -21 percent), Hong Kong (980 mt, -22 percent) and Canada (970 mt, -25 percent).

Pork exports totaled 17,600 mt, up 9 percent from the previous week, but down 4 percent from the prior 4-week average. Exports were mixed with increases to Mexico (5,050 mt, +27 percent), Japan (4,120 mt, +4 percent), Australia (610 mt, +56 percent), Colombia (440 mt, +6 percent) and the Dominican Republic (220 mt, +5 percent) and decreases to China (2,560 mt, -22 percent), South Korea (2,070 mt, -20 percent), Canada (1,150 mt, -17 percent) and Hong Kong (640 mt, -8 percent).

Pork-500

Pork net sales were 26,500 mt, up 8 percent from the previous week and 22 percent above the prior 4-week average largely due to a significant increase in sales to China (15,390 mt, +373 percent, the largest since improved reporting began in August 2014). Sales also increased to Canada (1,860 mt, +36 percent), Hong Kong (630 mt, +7 percent) and the Dominican Republic (120 mt, +51 percent). Sales slowed to Mexico (3,490 mt, -51 percent), Japan (2,780 mt, -35 percent), South Korea (1,330 mt, -20 percent), Australia (400 mt, -78 percent) and Colombia (190 mt, -41 percent), and corrections resulted in negative net sales to Costa Rica (-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.