U.S. pork exports for the week of May 27-June 2 (which included the Memorial Day holiday) totaled 17,000 metric tons (mt), down 23 percent from the previous week and from the previous four-week average. Exports increased to Colombia (440 mt, +3 percent), but decreased to all other top destinations including Mexico (5,080 mt, -25 percent), Japan (3,130 mt, -23 percent), China (3,010 mt, -32 percent), South Korea (1,510 mt, -19 percent), Canada (1,230 mt, -5 percent), Australia (850 mt, -19 percent) and Hong Kong (710 mt, -20 percent).
Pork net sales were 16,700 mt, down 24 percent from the previous week but 8 percent above the previous four-week average. Increased sales to China (7,100 mt, +211 percent and the second week in a row of higher sales following four slow weeks), Japan (3,190 mt, +7 percent), Hong Kong (2,370 mt, +42 percent), Canada (1,330 mt, +50 percent) and Colombia (210 mt, +2 percent) more than offset slower sales to Mexico (1,540 mt, -68 percent), Korea (240 mt, -79 percent) and Australia (130 mt, -77 percent).
U.S. beef exports totaled 12,300 mt, down 6 percent from the previous week and from the previous four-week average. Exports increased to Taiwan (920 mt, +25 percent), but decreased to other primary destinations including Japan (4,420 mt, -5 percent), Korea (2,620 mt, -10 percent), Mexico (1,490 mt, -17 percent), Canada (1,240 mt, -7 percent) and Hong Kong (960 mt, -14 percent).
Beef net sales were 12,600 mt, up 25 percent from the previous week but 5 percent below the previous four-week average. Increased sales to Japan (5,310 mt, +41 percent), Canada (1,670 mt, +83 percent) and Mexico (1,330 mt, +16 percent) were outweighed by slower sales to Korea (2,780 mt, -32 percent), Hong Kong (550 mt, -64 percent) and Taiwan (510 mt, -57 percent).
- 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.