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Slow Week for U.S. Beef, Pork Exports; Net Sales Trend Higher

WeeklyUSBeefExports

U.S. beef exports for the week of Aug. 22-28 totaled 12,700 metric tons (mt), down 10 percent from the previous four-week average. Larger exports for Japan (5,000 mt, +7 percent) were offset by smaller volumes for Hong Kong (2,000 mt, -13 percent), Mexico (1,900 mt, -2 percent), South Korea (1,700 mt, -19 percent), Canada (1,000 mt, -29 percent) and Taiwan (430 mt, -44 percent).

Beef net sales were 10,200 mt, up 4 percent from the sluggish results of the previous four weeks, led by another strong week for Mexico (2,100 mt, +93 percent) as well as larger sales for Hong Kong (1,700 mt, +3 percent), Canada (1,500 mt, +55 percent) and Taiwan (630 mt, +44 percent). Net sales trended lower for Japan (1,700 mt, -48 percent) and Korea (1,100 mt, -38 percent).

WeeklyUSBeefSales

For weekly U.S. pork exports and sales, comparisons will use the previous two-week average until data – which has recently been impacted by late-reported figures – normalizes. Pork exports totaled 14,000 mt, down 12 percent from the previous two-week average, and were primarily reported for Mexico (5,600 mt, -2 percent), Japan (2,800 mt, -2 percent), Canada (1,400 mt, -14 percent), Hong Kong (1,300 mt, -14 percent) and Korea (1,100 mt, -24 percent). Only 72 mt were reported for China, and it was the second consecutive week of zero net sales.

Pork net sales totaled 20,700 mt, up 30 percent from the previous two-week average, and were mainly reported for Mexico (7,700 mt, -10 percent), Korea (3,300 mt, -8 percent), Hong Kong (2,100 mt, +13 percent), Japan (2,000 mt, -37 percent), Chile (1,600 mt, the largest since sales were late-reported at the end of July) and Canada (1,300 mt, -37 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 β€œnet” sales are reported as the difference between new sales and any cancelations or adjustments.