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Strong Week for U.S. Beef Net Sales; Exports Edge Lower

Weekly-Beef-Exports-Sales

U.S. beef exports for the week of May 15-21 totaled 11,400 metric tons (mt), down 2 percent from the previous four-week average. Primary destinations were Japan (3,600 mt, +4 percent), South Korea (2,000 mt, -19 percent), Mexico (1,600 mt, -1 percent), Hong Kong (1,500 mt, +2 percent), Canada (1,100 mt, -1 percent) and Taiwan (850 mt, +16 percent).

Beef net sales hit a 2015 high of 20,800 mt – up 11 percent from the previous week’s strong performance and 53 percent above the previous four-week average. Large volumes were reported for Korea (7,200 mt, +268 percent and the largest since August 2013), Hong Kong (4,900 mt, +42 percent following large sales last week), Mexico (2,700 mt, +60 percent) and Canada (2,300 mt, +57 percent). Net sales trended lower for Japan (2,600 mt, -19 percent) and Taiwan (600 mt, -43 percent).

Weekly-pork-Exports-Sales4

U.S. pork exports totaled 18,400 mt, down 9 percent from the previous four-week average. Primary destinations were Mexico (5,800 mt, -14 percent), Japan (3,400 mt, +5 percent), Korea (2,200 mt, -22 percent), Canada (1,900 mt, +12 percent), China (1,500 mt, -12 percent) and Hong Kong (600 mt, -19 percent).

Pork net sales were 15,800 mt, down 4 percent from the previous four-week average. Sales were mainly reported for Mexico (11,000 mt, +119 percent and the largest in four weeks), Japan (2,300 mt, -19 percent), Canada (1,200 mt, -31 percent), Korea (600 mt, -68 percent) and Hong Kong (500 mt, -24 percent). Net sales for China were just 55 mt (-81 percent). The last significant weekly sales for China (3,600 mt) were reported in early April.


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 cancelations or adjustments.