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U.S. Exports Again Hit New 2016 Highs; Net Sales Lower

U.S. beef exports for the week of April 29-May 5 totaled 12,600 metric tons (mt), up slightly from the previous week – which had been a 2016 high – and 6 percent above the previous four-week average. Exports to South Korea (2,820 mt, +17 percent) and Canada (1,380 mt, +62 percent) were the largest since December, while exports were also higher to Japan (4,430 mt, +8 percent) and Mexico (1,890 mt, +2 percent). These results more than offset decreased exports to Hong Kong (960 mt, -26 percent) and Taiwan (640 mt, -22 percent).

WeeklyBeefExports

Beef net sales were 13,400 mt, down 14 percent from the previous week and 7 percent below the previous four-week average. Sales increased to Korea (5,500 mt, +113 percent), Canada (1,470 mt, +19 percent), Hong Kong (1,480 mt, +70 percent) and Taiwan (940 mt, +39 percent), but slowed to Japan (1,830 mt, -72 percent) and Mexico (1,580 mt, -29 percent).

For the third consecutive week, U.S. pork exports set a new 2016 high of 23,500 mt, up 2 percent from the previous week and 10 percent above the previous four-week average. Exports increased to most primary destinations including Mexico (7,240 mt, +27 percent and the largest since December), China (5,280 mt, +10 percent), Japan (4,200 mt, +10 percent), Canada (1,400 mt, +5 percent), Colombia (560 mt, +62 percent and the largest since October), Honduras (200 mt, +8 percent) and Nicaragua (170 mt, +45 percent and the largest since September). Exports were steady to Australia (1,150 mt), while volumes were lower for Korea (1,920 mt, -6 percent) and Hong Kong (690 mt, -26 percent).

WeeklyPorkExports

Following two very large weeks, pork net sales dipped to 18,400 mt, down 39 percent from the previous week and 49 percent below the previous four-week average. Increased sales to Hong Kong (2,460 mt, +550 percent and the largest since March 2015), Canada (1,390 mt, +13 percent), Australia (680 mt, +15 percent) and Nicaragua (110 mt, +15 percent) were outweighed by slower sales to Mexico (9,560 mt, -48 percent), Japan (1,460 mt, -70 percent), China (1,000 mt, -86 percent), Korea (700 mt, -60 percent), Honduras (120 mt, -45 percent) and Colombia (60 mt, -86 percent). Corrections resulted in negative net sales for Costa Rica (-200 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 β€œnet” sales are reported as the difference between new sales and any cancellations or adjustments.