print
print

Slow Week for U.S. Exports, but Net Sales Rebound

Weekly-Beef-Exports

U.S. beef exports for the week of March 18-24 totaled 9,800 metric tons (mt), down 14 percent from the previous week and 13 percent below the previous four-week average. Exports increased to Japan (3,780 mt, +5 percent) and were steady to Canada (910 mt), but declined to other main destinations including South Korea (1,960 mt, -18 percent), Hong Kong (1,050 mt, -42 percent), Mexico (1,030 mt, -25 percent) and Taiwan (500 mt, -14 percent).

Beef net sales reached a 2016 high of 28,400 mt, up noticeably from the previous week’s low volume and the previous four-week average. Increases were reported for all primary destinations including Japan (15,960 mt, the largest in three years, following a week of corrections), Korea (6,840 mt, +294 percent and the largest since May), Canada (1,590 mt, +47 percent), Mexico (1,480 mt, +3 percent), Hong Kong (1,290 mt, +50 percent) and Taiwan (1,590 mt, +14 percent).

WeeklyUSPorkExports

U.S. pork exports totaled 16,100 mt, down 9 percent from the previous week and 15 percent below the previous four-week average. Increases to Japan (4,170 mt, +9 percent), China (3,490 mt, +15 percent and the largest since increased reporting began in July 2014), Colombia (460 mt, +21 percent) and Honduras (270 mt, +133 percent) were outweighed by decreases to Mexico (2,710 mt, -39 percent), Korea (2,270 mt, -22 percent), Canada (1,120 mt, -24 percent), Hong Kong (480 mt, -38 percent), Australia (320 mt, -21 percent) and the Philippines (270 mt, -15 percent).

Pork net sales were 24,500 mt, up 27 percent from the previous week and 19 percent above the previous four-week average. Increases were reported for Mexico (8,000 mt, +20 percent), Japan (6,110 mt, +67 percent and the largest since January), Australia (3,470 mt, +152 percent and the largest since June), Hong Kong (1,820 mt, +581 percent and the largest since January) and the Philippines (490 mt, following a week of corrections). Sales slowed to China (1,740 mt, -42 percent), Korea (1,440 mt, -41 percent), Canada (730 mt, -43 percent), Colombia (113 mt, -75 percent) and Honduras (20 mt, -89 percent). Corrections resulted in negative net sales for Costa Rica (-100 mt).

  • 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.