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Large Volume of Late-reported U.S. Pork Exports, Net Sales

WeeklyBeefExports

This week USDA/FAS reported pork exports and sales for companies that had not provided data (or provided incomplete data) on a weekly basis. As a result, this week’s report included accumulated exports and sales since Jan. 1 for these companies, making the data for the period of July 25-31 difficult to analyze. As USMEF has previously noted, weekly data had only covered about 30 percent of pork exports prior to this adjustment. But going forward, the weekly data should be more comprehensive and a better measure of actual weekly exports and sales.

U.S. pork exports for this reporting period were 225,300 metric tons (mt). To put this number in context, accumulated exports through the previous week (Jan. 1 through July 24) were 304,912 mt, but now the year-to-date total through July 31 is 530,206 mt. The primary destinations for the most recent week, plus the accumulated late-reported data, were Mexico (60,800 mt), Japan (55,300 mt), China (30,900 mt), Russia (29,000 mt) and South Korea (18,200 mt).

WeeklyBeefSales

Pork net sales of 254,300 mt were mainly reported for Mexico (70,900 mt, including 62,200 mt late-reported), Japan (57,900 mt, including 55,700 mt late-reported), Russia (42,600 mt, including 39,300 mt late-reported), China (31,200 mt, including 31,100 mt late-reported) and Korea (19,100 mt, including 18,500 mt late-reported).

U.S. beef exports for the week totaled 14,900 mt, up 7 percent from the previous four-week average, with large volumes for Japan (5,500 mt, +13 percent), Korea (2,200 mt, +14 percent), Hong Kong (2,200 mt, +19 percent), and Taiwan (800 mt, +2 percent). Exports slowed for Mexico (1,900 mt, -5 percent) and Canada (1,400 mt, -5 percent).

Beef net sales totaled 12,000 mt, down 13 percent from the previous four-week average and were mainly reported for Japan (8,100 mt, +15 percent), Canada (1,200 mt, steady), Hong Kong (900 mt, +20 percent), Korea (700 mt, -57 percent) and Taiwan (300 mt, -10 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.