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Holiday-shortened Week Slows U.S. Exports, but Beef Net Sales Rebound

U.S. beef exports for the Labor Day-shortened week of Aug. 29-Sept. 4 totaled 11,500 metric tons (mt), down 15 percent from the previous four-week average. Primary destinations were Japan (3,500 mt, -24 percent), Mexico (2,200 mt, +11 percent), Hong Kong (2,000 mt, -15 percent), South Korea (1,700 mt, -16 percent), Canada (900 mt, -28 percent) and Taiwan (540 mt, -21 percent). Accumulated year-to-date exports through Sept. 4 were down 3 percent from a year ago, with growth to Korea, Japan and Taiwan but smaller volumes for Mexico, Canada and Hong Kong. These trends differ from the January-July monthly data, which suggest exports are up strongly for Mexico and Hong Kong.

Beef net sales were 14,000 mt, up 49 percent from the previous four-week average, led by large sales for Hong Kong (6,600 mt, +254 percent and the largest weekly total in 12 months) and Japan (4,400 mt, +158 percent). Net sales were lower for Korea (1,300 mt, -32 percent), Canada (600 mt, -44 percent), Mexico (400 mt, -72 percent) and Taiwan (75 mt, -86 percent).

U.S. pork exports totaled 12,800 mt, down 25 percent from the previous four-week average. Exports were primarily reported for Mexico (4,600 mt), Japan (2,500 mt), Korea (2,200 mt), Canada (1,300 mt) and Hong Kong (1,000 mt).

Pork net sales were 15,900 mt, down 23 percent from the both previous week and the previous four-week average. Net sales were mainly reported for Japan (5,500 mt), Mexico (4,100 mt), Korea (3,000 mt), Canada (1,200 mt) and Hong Kong (800 mt).

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.