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Solid Week for U.S. Pork; U.S. Beef Exports Lower Despite Strong Week for Japan

WeeklyPorkExports

U.S. pork exports for the week of Feb. 19-25 totaled 18,330 metric tons (mt), up 2 percent from the previous week and 2 percent above the previous four-week average. Exports increased to Japan (3,650 mt, +1 percent), South Korea (3,610 mt, +53 percent and the largest since June), Canada (1,480 mt, +11 percent) and the Philippines (200 mt, +74 percent), but trended lower to Mexico (4,530 mt, -1 percent), China (2,570 mt, -7 percent), Hong Kong (770 mt, -12 percent), Australia (400 mt, -47 percent) and Colombia (330 mt, -15 percent).

Pork net sales were 20,000 mt, up 39 percent from the previous week and 2 percent above the previous four-week average. Increases to Mexico (5,960 mt, +9 percent), Korea (4,490 mt, +87 percent), Japan (3,590 mt, +16 percent), Australia (1,770 mt, +1,043 percent and the largest since October) and Colombia (580 mt, +125 percent) outweighed slower sales to China (770 mt, -86 percent), Hong Kong (530 mt, -30 percent), Canada (390 mt, -62 percent) and the Philippines (250 mt, -15 percent).

WeeklyBeefExports

U.S. beef exports totaled 10,500 mt, up 2 percent from the previous week but down 7 percent from the previous four-week average. Exports to Japan (3,900 mt, +12 percent) were the largest since July, but were offset by lower volumes to Korea (2,200 mt, -10 percent), Hong Kong (1,330 mt, -27 percent), Mexico (1,230 mt, -10 percent), Canada (890 mt, -8 percent) and Taiwan (550 mt, -1 percent).

Beef net sales were 10,200 mt, down 18 percent from the previous week but 2 percent above the previous four-week average. Increased sales to Japan (4,960 mt, +47 percent), Mexico (1,750 mt, +77 percent), Canada (730 mt, +6 percent) and Taiwan (660 mt, +11 percent) offset slower sales to Korea (1,850 mt, -17 percent. Corrections resulted in negative net sales to Hong Kong (-290 mt).

  • 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.