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U.S. Beef, Pork Exports Trend Higher; Pork Exports Adjusted due to Reporting Error

Weekly-Beef-Exports

U.S. beef exports for the week of Dec. 5-11 totaled 13,900 metric tons (mt), up 10 percent from the previous four-week average. Exports to Hong Kong (3,700 mt, +34 percent) were the largest this year, and larger exports for South Korea (2,900 mt, +33 percent), Mexico (1,800 mt, +2 percent) and Canada (1,400 mt, +31 percent) offset lower volumes for Japan (2,800 mt, -18 percent) and Taiwan (500 mt, -14 percent).

Beef net sales were 10,900 mt, up 3 percent from the previous four-week average, and were also driven by an increase for Hong Kong (4,000 mt, +48 percent). Sales also trended higher for Mexico (2,200 mt, +41 percent and the largest since October), but slowed for Japan (2,200 mt, -28 percent), Korea (1,200 mt, -25 percent), Canada (600 MT, -36 percent) and Taiwan (300 mt, -3 percent). Net sales for delivery in 2015 were reported for Hong Kong (1,500 mt), Korea (900 mt) and Taiwan (100 mt), but were partially offset by negative adjustments for Japan (-2,300 mt).

Weekly-Beef-Sales

As suspected, last week’s surge in pork exports (originally reported at 45,000 mt) reflected a reporting error. FAS has adjusted exports for that week (Nov. 28 through Dec. 4) down to 19,121 mt. Details on the export adjustments are included below.

U.S. pork exports in the current report were 19,400 mt, up 7 percent from the previous four-week average, and were primarily to Mexico (6,700 mt, +21 percent), Japan (3,100 mt, -12 percent), Korea (2,800 mt, +7 percent), Canada (1,500 mt, -13 percent), China (1,400 mt, +9 percent) and Hong Kong (1,150 mt, +9 percent).

Pork net sales were 10,400 mt – up 17 percent from the previous week, but down 6 percent from the previous four-week average. Larger net sales were reported for Korea (3,100 mt, +174 percent) and Canada (900 mt, +13 percent), but were offset by slower sales for Mexico (2,300 mt, -7 percent), Japan (1,500 mt, -50 percent) and Hong Kong (700 mt, -19 percent). Negative adjustments have been reported for China for the past two weeks. Net sales for delivery in 2015 were reported for Korea (3,100 mt), Mexico (1,000 mt), Canada (600 mt) and Japan (500 mt).

Export Adjustments: Accumulated pork exports for week ending Dec. 4 were reduced by 26,443 mt due to a reporting error. Adjustments by country include: Mexico (-11,998 mt), Japan (-4,127 mt), Korea (-3,663 mt) Hong Kong (-3,317 mt), Canada (-2,073 mt), Australia (-489 mt), Taiwan (-272 mt), New Zealand (-172 mt), the United Kingdom (-169 mt), Northern Mariana Islands (-115 mt) and Colombia (-48 mt).

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.