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U.S. Export Results Mixed; Net Sales Trend Lower

Weekly-Beef-Exports-Sales

U.S. beef exports for the week of July 10-16 totaled 12,800 metric tons (mt), up 9 percent from the previous week and 7 percent above the previous four-week average. Larger exports to Japan (3,800 mt, +7 percent), South Korea (3,000 mt, +5 percent), Mexico (1,600 mt, +10 percent), Canada (1,600 mt, +6 percent) and Taiwan (900 mt, +14 percent) more than offset lower exports to Hong Kong (1,100 mt, -3 percent).

Beef net sales were 10,100 mt, down 12 percent from the previous week and down 15 percent from the previous four-week average. Sales increased for Mexico (2,100 mt, +63 percent), Taiwan (1,100 mt, +27 percent), Canada (1,100 mt, +19 percent), and Hong Kong (1,000 mt, +30 percent) but slowed to Japan (2,100 mt, -45 percent) and Korea (2,000 mt, -38 percent).

U.S. pork exports totaled 15,800 mt, up 7 percent from the previous week but down 35 percent from the previous four-week average. Larger exports for China (1,600 mt, +2 percent) did not fully offset declines to Mexico (5,200 mt, -38 percent), Japan (3,100 mt, -25 percent), Canada (1,500 mt, -11 percent) and Korea (800 mt, -71 percent).

Weekly-Pork-Exports-Sales

Pork net sales were 12,100 mt, down 16 percent from the previous week and 47 percent below the previous four-week average. Sales increases to Chile (2,700 mt, +749 percent) and Australia (700 mt, +5 percent) did not offset lower sales to Mexico (2,800 mt, -65 percent), Japan (2,500 mt, -48 percent), Korea (1,100 mt, -66 percent), Canada (590 mt, -66 percent) and China (500 mt, -148 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.