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U.S. Beef, Pork Exports Trend Higher, but Slow Week for Net Sales

WeeklyBeefExports

U.S. beef exports for the week of July 11-17 totaled 14,600 metric tons (mt), up 3 percent from the previous four-week average. Primary destinations were Japan (4,800 mt, +2 percent), South Korea (2,300 mt, +11 percent), Mexico (2,100 mt, +1 percent), Hong Kong (1,800 mt, -13 percent), Canada (1,600 mt, +10 percent) and Taiwan (1,040 mt, +35 percent).

Beef net sales were 10,800 mt, down 13 percent from the previous four-week average and mainly reported for Japan (3,100 mt, -14 percent), Mexico (2,600 mt, +23 percent), Canada (1,800 mt, +90 percent), Korea (1,500 mt, -27 percent), Hong Kong (600 mt, -72 percent) and Taiwan (420 mt, -38 percent).

As USMEF has previously noted, weekly export sales data is not accurately reflecting actual pork exports or pork net sales. While we will continue to report the weekly data, readers should be mindful of our cautionary notes about its accuracy. Export sales reporting for pork became mandatory in April 2013, so hopefully the quality of the data will improve over time. Separately, packers are also reporting export sales data to the USDA Agricultural Marketing Service (AMS) through Mandatory Price Reporting (see chart).

WeeklyBeefSales

AMS has been reporting this data since January, but it does not include Canada and Mexico (which are counted as domestic sales) and the data does not specify destination countries. Last week’s AMS data showed export sales for primals at 5,431 mt, up 27 percent from the previous four-week average.

U.S. pork exports for the week of July 11-17 totaled 10,100 mt, up 13 percent from the previous four-week average. Results in major destinations included Mexico (3,200 mt, -8 percent), Japan (1,500 mt, +4 percent), Canada (1,100 mt, -6 percent), the Philippines (700 mt, +130 percent), Hong Kong (600 mt, +23 percent), Korea (270 mt, -29 percent) and China (220 mt, -47 percent).

Pork net sales totaled 4,300 mt, down 59 percent from the previous four-week average, including Japan (1,400 mt, -10 percent), Mexico (600 mt, -87 percent), Korea (600 mt, +26 percent), Hong Kong (500 mt, -54 percent), China (220 mt, -45 percent) and the Philippines (140 mt, -60 percent). Due to adjustments or cancellations, negative net sales were reported for Canada (-100 mt).

MPR-Pork-Export-Sales

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.