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Solid Week for U.S. Exports, Net Sales

WeeklyBeefExports

U.S. beef exports for the week of Jan. 22-28 totaled 12,400 metric tons (mt), up 6 percent from the previous week and 24 percent above the previous four-week average. A modest decline in exports to Hong Kong (1,620 mt, -6 percent) was outweighed by increases to other main destinations including Japan (3,540 mt, +19 percent), South Korea (2,740 mt, + 17 percent), Mexico (1,420 mt, +8 percent), Canada (1,320 mt, +75 percent) and Taiwan (780 mt, +68 percent).

Beef net sales were 9,500 mt, up 4 percent from the previous four-week average. Increased sales to Hong Kong (1,510 mt, +29 percent), Mexico (1,050 mt, +6 percent) and Taiwan (980 mt, +122 percent and the largest since October) offset slower sales to Korea (2,500 mt, -6 percent), Japan (2,040 mt, -24 percent) and Canada (850 mt, -3 percent).

WeeklyPorkExports

U.S. pork exports totaled 18,400 mt, up 2 percent from the previous week and 15 percent above the previous four-week average. Increased exports to China (3,000 mt, +47 percent and the largest since October), Korea (2,140 mt, +11 percent), Canada (1,370 mt, +30 percent), Australia (1,100 mt, +96 percent and the largest since June) and Hong Kong (910 mt, +30 percent) more than offset lower totals for Mexico (4,820 mt, -2 percent), Japan (3,360 mt, -2 percent) and Colombia (330 mt, -28 percent).

Pork net sales were 18,600 mt, up 26 percent from the previous four-week average, with increased sales reported for Mexico (6,440 mt, +59 percent), China (4,920 mt, +461 percent and the largest since October), Korea (2,520 mt, +21 percent), Colombia (460 mt, +45 percent) and Australia (260 mt, +43 percent). Sales slowed to Japan (2,340 mt, -34 percent), Canada (560 mt, -65 percent) and Hong Kong (410 mt, -41 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.