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Slow Week for U.S. Exports, Net Sales

Weekly-Beef-Exports

U.S. beef exports for the week of Oct. 31-Nov. 7 totaled 12,600 metric tons (mt), down 10 percent from the previous four-week average, as larger volumes for South Korea (2,800 mt, +8 percent) and Canada (1,200 mt, +19 percent) were offset by slower shipments to Japan (3,100 mt, -17 percent), Hong Kong (2,700 mt, -18 percent), Mexico (1,400 mt, -20 percent) and Taiwan (460 mt, -30 percent).

Weekly-Beef-Sales

Beef net sales were 8,000 mt, down 25 percent from the previous four-week average as larger sales to Korea (2,800 mt, +3 percent), Canada (1,100 mt, +33 percent) and Taiwan (740 mt, +35 percent) were offset by smaller sales to Japan (1,700 mt, -23 percent), Hong Kong (770 mt, -56 percent) and Mexico (350 mt, -61 percent).

U.S. pork exports for the week totaled 16,900 mt, down 15 percent from the previous four-week average. Volumes were lower for all major destinations, including Mexico (5,300 mt, -16 percent), Japan (3,300 mt, -6 percent), Korea (2,900 mt, -15 percent), Canada (1,600 mt, -20 percent), Hong Kong (800 mt, -43 percent) and China (700 mt, -33 percent).

Pork net sales were 14,500 mt, down 27 percent from the previous four-week average, as larger sales for Japan (5,400 mt, +58 percent) and Colombia (800 mt, +65 percent) were offset by smaller sales to Korea (2,600 mt, -47 percent), Mexico (2,500 mt, -53 percent) and Canada (900 mt, -57 percent). Net sales for China were just 70 mt, after 3,500 mt were booked in the previous week. A similar result was reported for Hong Kong, with sales of just 85 mt following 2,450 mt reported the previous week.

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 “net” sales are reported as the difference between new sales and any cancelations or adjustments.