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Slow Week for U.S. Beef, Pork Exports, but Net Sales Very Strong

Weekly-U.S.-Beef-Exports

NOTE: Percentage change is compared to the previous four-week average, unless otherwise indicated.

U.S. beef exports for the week of Jan. 31 through Feb. 6 totaled 11,900 mt, down 3 percent from the previous four-week average and 10 percent lower than a year ago. Exports were primarily for Japan (2,700 mt, +4 percent), Hong Kong (2,400 mt, +10 percent), South Korea (2,300 mt, -5 percent), Mexico (1,800 mt, -18 percent), Canada (1,500 mt, +6 percent) and Taiwan (450 MT, -9 percent). Compared to the same week last year, exports were lower for all main markets except Japan (+64 percent) and Taiwan (+11 percent).

Beef net sales of 16,600 mt were the largest so far this year and up 37 percent from the previous four-week average, led by large sales for Japan (7,300 mt, +168 percent). Other main destinations included Korea (2,400 mt, +6 percent), Hong Kong (2,300 mt, +9 percent), Mexico (2,000 mt, +1 percent), Canada (1,900 mt, +34 percent) and Taiwan (385 mt, -52 percent). Outstanding beef sales (sold but not yet shipped) totaled 95,484 mt, up 26 percent from last year. The increase mainly reflects larger volumes booked for Japan, but also includes larger sales to Mexico, Taiwan and Korea.

Weekly-U.S.-Beef-Sales

U.S. pork exports of 11,000 mt were down 7 percent from the previous four-week average and were primarily to Mexico (4,400 mt, +2 percent), Korea (1,500 mt, -7 percent), Japan (1,200 mt, -16 percent), Canada (1,100 mt, +7 percent), Hong Kong (800 mt, -5 percent), and China (470 mt, +26 percent).

Pork net sales of 12,600 mt were up 27 percent from the previous four-week average and were mainly reported for Mexico (6,800 mt, +51 percent), Japan (2,700 mt, +127 percent), Korea (800 MT, -34 percent), Canada (800 mt, -18 percent) and Colombia (500 mt). Net sales were only 86 mt for Hong Kong and were negative for China (-33 mt).

As USMEF reported last week, FAS is trying to increase reporting for pork export sales. If a company makes a sale of chilled/frozen pork muscle cuts to an international customer, it is required to report that sale to the FAS Export Sales Reporting system. More details are available in this notice to exporters.

Source: USDA/FAS