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Slow Week for U.S. Exports, but Beef Net Sales Highest of 2014

weekly-beef-exports

U.S. beef exports for the week of March 28 through April 3 totaled 12,400 metric tons (mt), down 4 percent from the previous four-week average. Exports trended higher for Hong Kong (2,500 mt, +9 percent) and Canada (800 mt, +7 percent), though exports to Canada were still down about one-third from a year ago. Exports were lower for Japan (3,700 mt, -5 percent), Mexico (2,100 mt, -9 percent), Taiwan (635 mt, -5 percent) and South Korea (1,800 mt, -2 percent), though exports to Korea were still up 24 percent from a year ago.

weekly-beef-sales

Beef net sales of 18,500 mt marked a new high for the year, up 21 percent from the previous four-week average. Net sales trended higher for Hong Kong (4,800 mt, +48 percent and the largest since August), Korea (4,100 mt, +60 percent and the largest since the first week of January), Mexico (2,400 mt, +31 percent) and Taiwan (1,300 mt, +122 percent and the largest since late January). Net sales were lower for Japan (3,900 mt, -27 percent) and Canada (645 mt, -25 percent).

U.S. pork exports of 9,100 mt were the lowest of the year, down 18 percent from the previous four-week average. Volumes were lower for Mexico (3,300 mt, -14 percent), Korea (1,000 mt, -37 percent), Canada (700 mt, -16 percent) and China (300 mt, -44 percent), while exports trended higher for Japan (1,500 mt, +13 percent) and Hong Kong (1,100 mt, +14 percent).

After relatively strong sales in the previous week, pork net sales of 4,200 mt also marked a new low for the year and were down 48 percent from the previous four-week average. Net sales were mainly reported for Canada (1,000 mt), Honduras (600 mt), Japan (600 mt), Mexico (600 mt) and China (500 mt).

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