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U.S. Export Results Mixed; Corrections Drive Down Beef Net Sales

Weekly-Beef-Exports

U.S. beef exports for the week of March 11-17 totaled 11,400 metric tons (mt), down 2 percent from the previous week but 4 percent above the previous four-week average. Exports increased to Japan (3,720 mt, +7 percent), Mexico (1,490 mt, +17 percent) and Canada (1,070 mt, +28 percent), and remained steady to Hong Kong (1,770 mt). Exports were lower to South Korea (2,160 mt, -13 percent) and Taiwan (530 mt, -11 percent).

Beef net sales were 3,900 mt – a marketing-year low – down 73 percent from the previous week and 66 percent below the previous four-week average. This was mainly due to corrections resulting in negative net sales for Japan (-3,230 mt), but sales were also lower for Korea (1,270 MT, -41 percent). Increases were reported for Canada (1,690 mt, +113 percent), Mexico (1,400 mt, +7 percent), Hong Kong (1,240 mt, +79 percent) and Taiwan (850 MT, +17 percent).

Weekly-Pork-Exports

U.S. pork exports totaled 17,700 mt, down 11 percent from the previous week’s large volume and 6 percent below the previous four-week average. Exports increased to Japan (4,030 mt, +5 percent and the largest since December), Chile (350 mt, +21 percent), the Philippines (300 mt, +7 percent) and the Dominican Republic (270 mt, +42 percent), but were lower for most other main destinations including Mexico (4,140 mt, -10 percent), China (2,980 mt, -2 percent), Korea (2,780 mt, -2 percent), Canada (1,060 mt, -32 percent), Hong Kong (750 mt, -6 percent), Australia (380 mt, -2 percent) and Colombia (220 mt, -50 percent).

Pork net sales were 19,300 mt, down 29 percent from the previous week but just 1 percent below the previous four-week average. Sales increased to Mexico (9,100 mt, +43 percent and the largest since September), China (3,490 mt, +61 percent) and Australia (1,280 mt, +17 percent), but decreased to Japan (2,700 mt, -27 percent), Korea (1,670 mt, -22 percent), Canada (940 mt, -28 percent), Hong Kong (160 mt, -72 percent), Colombia (30 mt, -93 percent). Zero sales were reported for Chile and corrections resulted in negative net sales for the Dominican Republic (-15 mt) and the Philippines (-340 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.