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U.S. Exports Edge Higher; Mixed Week for Net Sales

Beef-Sales

U.S. beef exports for the week of Oct. 23-29 totaled 12,100 metric tons (mt), down 2 percent from the previous week, but 1 percent above the previous four-week average. Exports were mixed with increases for South Korea (2,700 mt, +18 percent) and Canada (1,000 mt, +14 percent) while exports to Taiwan remained steady (610 mt). Exports decreased to Japan (2,600 mt, -8 percent), Hong Kong (2,500 mt, -7 percent) and Mexico (1,600 mt, -13 percent).

Beef net sales were 3,200 mt, up noticeably from the previous week but down 60 percent from the previous four-week average. Increases were reported for Japan (2,300 mt, +137 percent after last week’s corrections) and Taiwan (1,700 mt, +273 percent and the highest since June). However, sales slowed to Mexico (1,000 mt, -44 percent), South Korea (800 mt, -68 percent) and Canada (700 mt, -34 percent), and corrections resulted in negative net sales for Hong Kong (-3,550 mt).

Net sales for 2016 delivery were reported for Hong Kong (3,800 mt), Japan (3,000 mt), Mexico (800 mt) and Taiwan (500 mt).

pork-Sales

U.S. pork exports totaled 19,800 mt, up 1 percent from the previous week and 9 percent above the previous four-week average. Exports increased to most major destinations including Mexico (7,000 mt, +19 percent), Japan (3,860 mt, +1 percent), Korea (2,110 mt, +8 percent), Canada (1,910, +28 percent), China (1,570, +31 percent), Hong Kong (760 mt, +3 percent), Australia (480 mt, +51 percent) and Chile (390 mt, +3 percent). Exports to Colombia (480 mt) were steady and exports decreased to Taiwan (250 mt, -26 percent).

Pork net sales were 10,700 mt, down 42 percent from the previous week and 35 percent below the previous four-week average. Increases to Australia (1,960 mt, +776 percent and the largest since June), Hong Kong (1,390 mt, +508 percent and the largest since August ) and Colombia (780 mt, +136 percent) were more than offset by lower volumes for Mexico (4,290 mt, -11 percent), Japan (2,340 mt, -32 percent), Chile (3 mt, -98 percent) and Taiwan (1 mt, -98 percent), and corrections resulted in negative net sales for Canada (-76 mt), China (-256 mt) and Korea (-780 mt).

Net sales for 2016 delivery were reported for Japan (600 mt) and South Korea (300 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 cancellations or adjustments.