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Slow Opening Week of 2016 for U.S. Exports; Sales Gain Traction Following Holidays

U.S. beef exports for the week of Jan. 1-7 totaled 9,200 metric tons (mt), down 20 percent from the previous four-week average. Larger exports to Japan (2,800 mt, +3 percent) and South Korea (2,610 mt, +17 percent) were more than offset by decreased exports to Hong Kong (1,520 mt, -32 percent), Mexico (1,160 mt, -35 percent), Canada (480 mt, -58 percent) and Taiwan (370 mt, -57 percent).

U.S. beef net sales were 9,000 mt, following a week of negative net sales resulting from corrections in several markets, making week-over-week comparisons difficult for several markets. Net sales were primarily to Korea (3,850 mt), Japan (2,620 mt), Mexico (1,180 mt, +2 percent), Canada (550 mt, +1 percent), Hong Kong (350 mt), and Taiwan (310 mt, +83 percent).

U.S. pork exports totaled 14,700 mt, down 19 percent from the previous four-week average. Exports were the largest since October for China (1,450 mt, +29 percent) and Chile (450 mt, +169 percent), but decreased to other major destinations including Mexico (4,520 mt, -31 percent), Japan (3,170 mt, -11 percent), Korea (1,900 mt, -19 percent), Canada (980 mt, -28 percent), Hong Kong (540 mt, -34 percent), Australia (470 mt, -24 percent) and Colombia (400 mt, -5 percent).

U.S. pork net sales were 12,400 mt, up 113 percent from the previous four-week average. Sales were led by Mexico (5,850 mt, +186 percent), Canada (1,760 mt, +266 percent), and Chile (1,270 mt, the largest since July), which outweighed slower sales to Japan (1,760 mt, -19 percent) and Hong Kong (30 mt, -97 percent) and corrections resulting in negative net sales for China (-660 mt). Sales to Korea (630 mt), Australia (110 mt) and Colombia (290 mt) followed a week of corrections.

  • 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.