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U.S. Beef Exports Edge Higher, Slow Week for Pork Exports

Beef-Exports-Sales

U.S. beef exports for the week of Oct. 30-Nov. 5 totaled 13,300 metric tons (mt), up 10 percent from the previous week and 10 percent above the previous four-week average. Exports increased to most primary destinations including Japan (3,200 mt, +15 percent), Hong Kong (3,000 mt, +14 percent), South Korea (2,700 mt, +16 percent), Canada (1,300 mt, +31 percent) and Taiwan (730 mt, +22 percent), which more than offset lower exports to Mexico (1,400 mt, -21 percent).

Beef net sales were 8,100 mt, up noticeably from the previous week and 19 percent above the previous four-week average. Increases were reported for Mexico (2,100 mt, +34 percent), Japan (1,600 mt, +55 percent), Hong Kong (1,100 mt, following negative net sales the past two weeks) and Taiwan (900 mt, +20 percent). Sales slowed to Korea (1,600 mt, -34 percent) and Canada (1,000 mt, -7 percent), and corrections resulted in negative net sales for Egypt (-800 mt). Net sales for 2016 delivery were reported for Japan (3,300 mt), while corrections were reported for Hong Kong (-400 mt).

Pork-Exports-Sales

U.S. pork exports totaled 16,600 mt, down 16 percent from the previous week and 12 percent below the previous four-week average. Exports increased to Korea (2,400 mt, +21 percent) and Colombia (460 MT, +6 percent) but declined for other main destinations including Mexico (5,800 mt, -7 percent), Japan (3,500 mt, -10 percent), Canada (1,400 mt, -9 percent), China (1,200 mt, -16 percent), Australia (360 mt, -10 percent), Hong Kong (260 mt, -61 percent), Chile (240 mt, -41 percent) and Taiwan (70 mt, -76 percent).

Pork net sales were 15,300 mt, up 43 percent from the previous week but unchanged from the previous four-week average. Increased sales to Japan (4,800 mt, +41 percent and the largest since August), Canada (1,500 mt, +125 percent), Australia (1,200 mt, +81 percent), Chile (750 mt, +1,253 percent following slow sales in October), Hong Kong (670 mt, +27 percent), Taiwan (560 mt, +1,640 percent following slow sales in October) and Colombia (530 mt, +17 percent) were offset by slower sales to Mexico (1,200 mt, -70 percent) and China (500 mt, -79 percent). Sales were steady for Korea (2,100 mt). Net sales for 2016 delivery were reported for Australia (400 mt), Korea (300 mt), Chile (300 mt), Colombia (100 mt) and Canada (100 mt).