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U.S. Beef, Pork Exports Trend Lower

WeeklyUSBExports-b

U.S. beef exports for the week of March 27- April 2 totaled 11,900 metric tons (mt), down 3 percent from the previous four-week average. Exports trended higher for Japan (4,500 mt, +13 percent) and South Korea (2,300 mt, +16 percent), but slowed for Hong Kong (1,900 mt, -27 percent), Mexico (900 mt, -35 percent), Canada (700 mt, -11 percent) and Taiwan (540 mt, -13 percent).

Weekly Beef Sales

Beef net sales were 11,500 mt, down 3 percent from the previous four-week average. Sales were larger for Japan (4,500 mt, +5 percent), Korea (3,700 mt, +79 percent and the largest since late January) and Canada (1,100 mt, +111 percent), but these results were offset by slower bookings for Mexico (900 mt, -8 percent), Taiwan (300 mt, -62 percent) and Hong Kong/Vietnam (230 mt, -91 percent).

WeeklyUSPExports

U.S. pork exports totaled 19,100 mt, down 10 percent from the previous four-week average and the smallest since late February. Exports increased for Korea (3,900 mt, +9 percent), Japan (3,800 mt, +3 percent), Canada (1,500 mt, +17 percent) and Hong Kong (600 MT, +12 percent), but trended lower for Mexico (4,700 mt, -33 percent) and China (1,700 mt, -7 percent).

Pork net sales were 17,900 mt, down 18 percent from the previous four-week average. Larger sales were reported for China (3,600 mt, +102 percent), Chile (800 mt, +20 percent following large sales in the previous week) and Colombia (760 mt, +48 percent). Note that China’s previous four-week average consisted of three weeks with little activity, followed by 7,100 mt reported last week.

Sales of 1,200 mt, possibly a long-term contract, were also reported for the Philippines. The last large sales for the Philippines were in mid-February when nearly 900 mt were booked in each of two consecutive weeks. Net sales were lower for Mexico (5,500 mt, -28 percent), Japan (1,800 mt, -33 percent), Canada (1,000 mt, -35 percent) and Korea (900 mt, -60 percent).

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.