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U.S. Beef Net Sales Down Sharply; Pork Sales Show Some Rebound from Last Week’s Low

U.S. beef exports for the week of May 13-19 totaled 13,000 metric tons (mt) – down 3 percent from the previous week but 5 percent above the previous four-week average. Exports increased to Japan (4,830 mt, +7 percent), South Korea (3,020 mt, +15 percent) and Hong Kong (1,250 mt, +23 percent), outweighing reduced exports to Mexico (1,620 mt, -12 percent), Canada (1,200 mt, -3 percent) and Taiwan (670 mt, -3 percent).

WeeklyBeefExports

Beef net sales were 10,000 mt, down 49 percent from the previous week and 34 percent below the previous four-week average. Sales increased to Taiwan (970 mt, +8 percent), but declined to other major destinations including Japan (3,430 mt, -42 percent), Korea (2,070 mt, -43 percent), Hong Kong (1,120 mt, -18 percent), Canada (1,000 mt, -25 percent) and Mexico (980 mt, -32 percent).

U.S. pork exports totaled 20,600 mt, down 5 percent from the previous week and 9 percent below the previous four-week average. Exports increased to Hong Kong (920 mt, +15 percent), but declined to other primary destinations including Mexico (6,530 mt, -3 percent), China (3,900 mt, -22 percent), Japan (3,800 mt, -4 percent), Korea (1,800 mt, -7 percent), Canada (1,130 mt, -19 percent) and Australia (850 mt, -30 percent).

Weekly Pork Exports

Pork net sales rebounded to some degree to 13,900 mt, climbing 73 percent from the previous week’s 2016 low, but were still 53 percent below the previous four-week average. Sales increased to Korea (3,030 mt, +141 percent and the largest since February) and Canada (1,440 mt, +39 percent), while sales slowed to Mexico (4,030 mt, -74 percent), Japan (2,750 mt, -11 percent), Hong Kong (670 mt, -22 percent), Australia (370 mt, -40 percent) and China (250 mt, -96 percent). Corrections again resulted in negative net sales for Costa Rica (-200 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.