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

Weekly-Beef-Exports-Sales

U.S. beef exports for the week of April 10-16 totaled 11,600 metric tons (mt), down 5 percent from the previous four-week average. Shipments trended higher for Japan (4,500 mt, +6 percent), South Korea (2,500 mt, +11 percent), Mexico (1,500 mt, +18 percent) and Canada (900 mt, +14 percent), but were lower for Hong Kong (1,000 mt, -56 percent) and Taiwan (400 mt, -24 percent).

Beef net sales reached a 2015 high of 20,000 mt, up 95 percent from the previous four-week average. Sales trended higher for all major destinations, including Korea (5,300 mt, +114 percent), Japan (4,600 mt, +10 percent), Hong Kong (3,600 mt, the largest since March and following three weeks of minimal sales), Canada (2,200 mt, +195 percent), Mexico (1,900 mt, +68 percent) and Taiwan (1,600 mt, +197 percent and setting a new weekly record). Net sales had been lagging exports, indicating product sold several weeks ago was finally being shipped as West Coast port traffic returned to normal. Net sales were especially sluggish in late March and early April, so it is encouraging to see large sales in this report.

Through April 9, year-to-date export shipments were 163,805 mt, slightly exceeding reported net sales of 161,638 mt. This indicates that some product sold in 2014 has also shipped this year. Over the same period last year, exports were 172,517 mt while net sales were 199,792 mt, indicating that sales were outpacing exports as product was being sold for future shipment.

Weekly-pork-Exports-Sales

U.S. pork exports totaled 20,400 mt, down 2 percent from the previous four-week average. Exports trended higher for Mexico (6,500 mt, +4 percent), Japan (3,600 mt, +2 percent), China (2,500 mt, +15 percent), Canada (1,600 mt, +8 percent), Australia (700 mt, +39 percent) and Colombia (560 mt, +4 percent), but slowed for Korea (3,500 mt, -9 percent) and Hong Kong (400 mt, -42 percent).

Pork net sales were 22,600 mt, up 10 percent from the previous four-week average, with larger volumes booked for Mexico (8,200 mt, +18 percent), Japan (6,900 mt, +208 percent and the largest since mid-February), Canada (2,700 mt, +62 percent), Korea (1,300 mt, +4 percent) and Colombia (950 mt, +130 percent). It was another week of minimal sales for China (85 mt) and sluggish sales for Hong Kong (570 mt, -51 percent).




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.