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Mixed Results for U.S. Exports, Net Sales

WeeklyBeefExports

U.S. beef exports for the week of Jan. 23-29 totaled 9,400 metric tons (mt), which was down 18 percent from the previous three-week average and 23 percent lower than a year ago. Exports were mainly reported for Japan (2,500 mt, -20 percent), Mexico (2,100 mt, +13 percent), South Korea (1,500 mt, -30 percent), Canada (1,100 mt, steady), Hong Kong (1,000 mt, -48 percent) and Taiwan (400 mt, -25 percent).

Beef net sales fared much better, totaling 14,000 mt – up 36 percent from the previous three-week average and 73 percent higher year-over-year. Sales were larger for most destinations, including Korea (3,700 mt, +43 percent), Japan (3,300 mt, +74 percent), Hong Kong (2,200 mt, following canceled sales in the previous week), Canada (1,100 mt, +30 percent) and Taiwan (600 mt, +9 percent), while sales were lower for Mexico (1,900 mt, -31 percent).

WeeklyBeefSales

U.S. pork exports totaled 18,400 mt, up 2 percent from the previous three-week average. Exports were mainly reported for Mexico (7,000 mt, +9 percent), Korea (4,300 mt, +19 percent), Japan (3,000 mt, -10 percent), Canada (1,200 mt, -30 percent), Colombia (600 mt, +64 percent) and Hong Kong (440 mt, -33 percent).

Net sales were 18,800 mt, higher than the previous week but still down 18 percent from the previous three-week average. Sales were mainly reported for Mexico (11,300 mt, +29 percent), Korea (2,100 mt, -67 percent), Japan (1,700 mt, -28 percent), Canada (1,000 mt, -45 percent), Honduras (900 mt, +178 percent, which likely reflects a long-term contract) and Hong Kong (300 mt, -42 percent). Also, the first meaningful sales since late November were reported for China (340 mt).

NOTES:

  • Source: USDA/FAS (includes exports and sales of whole muscle cuts).
  • Percent change is compared to the previous three-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.