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Solid Start to 2014 for U.S. Red Meat Exports, Net Sales

WeeklyBeefExports

U.S. beef exports for the week of Jan. 3-9 totaled 12,000 mt, the largest since mid-December but down 7 percent from a year ago. Exports were primarily to Japan (2,600 mt, -7 percent), Mexico (2,300 mt, -13 percent), Hong Kong (2,200 mt, +2 percent), South Korea (2,100 mt, +20 percent), Canada (1,500 mt, -32 percent) and Taiwan (690 mt, -8 percent).

Beef net sales of 15,800 mt were more encouraging, up 1 percent from a year ago and following strong December sales for 2014 delivery. Net sales volumes were strong for Korea (4,500 mt, +28 percent), Hong Kong (4,200 mt, +200 percent) and Taiwan (950 mt, +70 percent). Other main destinations were Mexico (2,000 mt, -17 percent), Canada (1,600 MT, -34 percent) and Japan (1,400 MT, -69 percent).

WeeklyBeefSales

(Please note that the percentage changes above are compared to the corresponding week in 2013. But year-over-year comparisons can be misleading, and it will take a few weeks to establish trends for 2014.)

U.S. pork exports for the week totaled 11,500 mt and were the largest since mid-December. Exports were primarily to Mexico (4,300 mt), Korea (1,700 mt), Japan (1,500 mt), Hong Kong (900 mt) and Canada (900 mt).

Pork net sales of 9,900 mt were the largest since late November and relatively strong following a large carryover to begin the year. Net sales were mainly reported for Mexico (3,200 mt), Japan (1,700 mt), Korea (1,700 mt), Canada (1,600 mt) and Colombia (500 mt).

NOTES:

  • Mandatory pork export sales reporting is still in its early stages and the data only represent around 30 percent of chilled/frozen pork exports, so it is difficult to draw meaningful trends from the data.
  • Weekly data only includes exports and sales of whole muscle cuts, reported by the exporters to USDA/FAS Export Sales Reporting.