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U.S. Beef Exports Still Solid after Hitting 2016 High; Slow Week for Net Sales

U.S. beef exports for the week of Sept. 9-15 totaled 13,800 metric tons (mt), down 21 percent from the large volume reported the previous week but still 4 percent above the previous four-week average. Exports increased to Mexico (2,070 mt, +25 percent), Hong Kong (2,020 mt, +12 percent) and Canada (975 mt, +11 percent) and were steady to Japan (3,780 mt). This more than offset lower exports to South Korea (3,380 mt, -1 percent) and Taiwan (975 mt, -8 percent).

Beef net sales were 2,300 mt, a 2016 low that was 89 percent below the previous week and 82 percent below the previous four-week average. Increases to Hong Kong (1,700 mt, +2 percent) and Mexico (1,680 mt, +5 percent) were outweighed by slower sales to Korea (530 mt, -86 percent), Taiwan (470 mt, -55 percent) and Canada (400 mt, -55 percent) and corrections that resulted in negative net sales for Japan (-3,340 mt). Net sales for 2017 were reported for Japan (4,100 mt) and Hong Kong (700 mt).

U.S. pork exports totaled 17,500 mt, up 4 percent from the previous week but still 5 percent below the previous four-week average. Exports increased to Canada (1,890 mt, +36 percent and the largest since March), Chile (560 mt, +17 percent) and the Philippines (240 mt, +29 percent), but decreased to other main destinations including Mexico (6,710 mt, -9 percent), Japan (3,690 mt, -1 percent), Korea (1,250 mt, -5 percent), China (970 mt, -24 percent), Hong Kong (890 mt, -14 percent), Australia (390 mt, -25 percent) and Colombia (270 mt, -25 percent).

Pork net sales were 14,600 mt, down 30 percent from the previous week and 40 percent below the previous four-week average. Sales increases to Colombia (1,620 mt, +110 percent and the largest since January 2015) and Chile (950 mt, +36 percent) were outweighed by slower sales to Mexico (4,170 mt, -51 percent), Japan (2,630 mt, -39 percent), Korea (2,140 mt, -52 percent), Canada (1,380 mt, -30 percent), Hong Kong (310 mt, -79 percent), China (140 mt, -68 percent) and the Philippines (130 mt, -76 percent) and corrections that resulted in negative net sales for Australia (-10 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.

Weekly-US-Beef_exports

 

Weekly-US-Pork_exports