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U.S. Exports Edge Higher; Net Sales Remain Slow

Weekly-Beef-Exports

U.S. beef exports for the week of Oct. 10-16 totaled 14,600 metric tons (mt), up 5 percent from the previous four-week average. Exports to Hong Kong (3,500 mt, +20 percent) were the largest of the year, but were partially offset by lower exports to Mexico (1,600 mt, -21 percent). Volumes were strong for Japan (4,300 mt, +7 percent), South Korea (2,600 mt, +9 percent), Canada (1,100 mt, +10 percent) and Taiwan (700 mt, +4 percent). Exports to the main Asian markets have been strong over the past two weeks, up 45 percent and 46 percent, respectively, from a year ago.

Weekly-Beef-Sales

Beef net sales remained sluggish at 7,600 mt, down 34 percent from the previous four-week average, despite strong sales for Korea (3,200 mt, +16 percent). Sales slowed for other major markets including Hong Kong (1,300 mt, -32 percent), Canada (1,100 mt, -28 percent), Mexico (600 mt, -62 percent), Taiwan (400 mt, -28 percent) and Japan (330 mt, -88 percent).

U.S. pork exports totaled 18,400 mt, up 1 percent from the previous four-week average. Volumes were larger for Korea (3,300 mt, +19 percent) and Canada (1,700 mt, +1 percent), but lower for Mexico (5,800 mt, -1 percent), Japan (3,300 mt, -13 percent), Hong Kong (1,100 mt, -22 percent) and China (765 mt, -20 percent).

Pork net sales were 19,600 mt, down 7 percent from the previous four-week average. Sales were larger to Korea (6,700 mt, +68 percent), Japan (4,900 mt, +26 percent) and Canada (3,000 mt, +179 percent), but slowed for Mexico (2,200 mt, -72 percent) and Hong Kong (900 mt, -50 percent). Net sales to China (50 mt, -95 percent) were minimal for the third consecutive week.






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.