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Solid Week for U.S. Exports; Net Sales Slow

Weekly-Beef-Exports

U.S. beef exports for the week of Feb. 26 through March 3 totaled 11,500 metric tons (mt), up 10 percent from the previous week and 6 percent above the previous four-week average. Volumes increased to South Korea (2,570 mt, +11 percent), Hong Kong (2,030 mt, +16 percent), Mexico (1,400 mt, +6 percent) and Taiwan (670 mt, +33 percent), but declined to Japan (3,300 mt, -8 percent) and Canada (830 mt, -3 percent).

Beef net sales were 7,900 mt, down 23 percent from both the previous week and the previous four-week average. Increased sales to Hong Kong (1,670 mt, following a week of corrections), Mexico (1,490 mt, +28 percent) and Canada (970 mt, +49 percent) were outweighed by slower sales to Japan (2,120 mt, -49 percent), Korea (820 mt, -60 percent) and Taiwan (410 mt, -21 percent).

Weekly-Pork-Exports

U.S. pork exports totaled 19,300 mt, up 5 percent from the previous week and 8 percent above the previous four-week average. Increased exports to Mexico (4,630 mt, +2 percent), Japan (3,820 mt, +4 percent), China (3,210 mt, +20 percent and the largest since increased reporting began in July 2014), Chile (1,030 mt, +581 percent and the largest since July 2015), Colombia (540 mt, +39 percent and the largest since October 2015) and the Dominican Republic (300 mt, +75 percent) more than offset decreases to Korea (2,430 mt, -11), Canada (1,290 mt, -6 percent), Hong Kong (650 mt, -23 percent) and Australia (530 mt, -6 percent).

Pork net sales were 15,900 mt, down 21 percent from both the previous week and the previous four-week average. Sales increased to Australia (2,260 mt, +324 percent and the largest since June 2015), Canada (1,310 mt, +33 percent), Colombia (640 mt, +125 percent) and Chile (150 mt, +41 percent), but slowed to other main destinations including Japan (2,980 mt, -13 percent), Mexico (2,790 mt, -48 percent), Korea (1,910 mt, -34 percent), China (1,690 mt, -61 percent), the Dominican Republic (170 mt, -57 percent) and Hong Kong (160 mt, -80 percent).

  • 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.