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New 2015 High for U.S. Pork Exports; Beef Exports also Trend Higher

Weekly-pork-Exports-Sales

U.S. pork exports for the week of April 24-30 reached a new 2015 high of 23,500 metric tons (mt), up 18 percent from the previous four-week average. Larger shipments were reported for most major destinations, including Mexico (7,700 mt, +24 percent), South Korea (3,900 mt, +11 percent), Japan (3,800 mt, +9 percent), Canada (1,600 mt, +7 percent), Colombia (860 mt, +103 percent) and Hong Kong (800 mt, +21 percent). Exports trended lower for China (1,500 mt, -23 percent).

Pork net sales were 16,700 mt, down 18 percent from the previous four-week average, as larger sales for Korea (3,500 mt, +137 percent and the largest since January), the Philippines (1,300 mt, +51 percent following large sales the previous week), Colombia (900 mt, +84 percent) and Hong Kong (600 mt, +54 percent) were offset by smaller bookings for Mexico (4,700 mt, -39 percent), Japan (2,400 mt, -36 percent), Canada (1,800 mt, -23 percent) and China (minimal for the fourth consecutive week).

Weekly-Beef-Exports-Sales

U.S. beef exports totaled 12,000 mt, up 2 percent from the previous four-week average, with steady volumes for Japan (4,100 mt) and larger volumes for Mexico (1,400 mt, +7 percent), Canada (1,200 mt, +40 percent) and Taiwan (980 mt, +82 percent and the largest since September). Exports trended lower for Korea (2,200 mt, -12 percent) and Hong Kong (1,100 mt, -29 percent).

Beef net sales were 14,700 mt, up 7 percent from the previous four-week average, with larger bookings for Japan (5,400 mt, +36 percent) and Canada (1,900 mt, +44 percent). Sales for Taiwan (1,400 mt, +37 percent) were strong for the third consecutive week, but sales trended lower for Korea (2,200 mt, -32 percent), Hong Kong (1,600 mt, -7 percent) and Mexico (1,500 mt, -17 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.