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Solid Week for U.S. Exports; Large Correction for Beef Net Sales

Pork-Sales

U.S. pork exports for the week of Oct. 16-22 totaled 19,700 metric tons (mt), up 12 percent from the previous week and 13 percent above the previous four-week average. Volumes were larger to Mexico (6,200 mt, +6 percent), China (3,000 mt, +516 percent and the largest since improved reporting took effect in July 2014), Colombia (530 mt, +18 percent) and Australia (520 mt, +112 percent and the largest since July). Exports declined to Japan (3,700 mt, -4 percent), South Korea (1,800 mt, -9 percent), Canada (1,400 mt, -7 percent), Hong Kong (662 mt, -1 percent), the Philippines (470 mt, -42 percent) and Taiwan (170 mt, -49 percent).

Pork net sales were 18,300 mt, up noticeably from the previous week but steady with the previous four-week average. Increased sales were reported for Mexico (6,600 mt, +1 percent), Korea (4,800 mt, +155 percent and the largest since June), Japan (4,200 mt, +45 percent) and Hong Kong (380 mt, +32 percent). Sales slowed to Canada (900 mt, -53 percent), China (500 mt, -82 percent), Colombia (130 mt, -64 percent), the Philippines (100 mt, -37 percent), Australia (30 mt, -86 percent) and Taiwan (5 mt, -98 percent). Net sales for 2016 delivery were reported for Japan (1,700 mt).

Beef-Sales

U.S. beef exports totaled 12,300 mt, unchanged from the previous week, but 6 percent above the previous four-week average. Exports increased to Japan (3,000 mt, +19 percent), Korea (2,400 mt, +10 percent) and Canada (1,000 mt, +15 percent) but declined to Hong Kong (2,600 mt, -2 percent), Mexico (1,600 mt, -11 percent) and Taiwan (530 mt, -21 percent).

Because corrections resulted in negative net sales for Hong Kong (-3,000 mt), Japan (-2,400 mt) and Senegal (-1,100 mt), beef net sales totaled just 400 mt. Increases were reported for Canada (1,400 mt, +60 percent), Egypt (1,100 mt, the highest since 2012) and the Netherlands (200 mt, +222 percent), but sales trended lower for Korea (2,500 mt, -1 percent), Mexico (1,000 mt, -55 percent) and Taiwan (140 mt, -71 percent). Net sales for 2016 delivery were reported for Hong Kong (4,600 mt), Japan (3,100 mt), Canada (300 mt), Taiwan (200 mt) and Korea (200 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.
  • 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.