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U.S. Exports Edge Higher, Net Sales Solid to Open October

Pork-Sales

U.S. pork exports for the week of Oct. 2-8 totaled 18,000 metric tons (mt), up 5 percent from the previous week and 7 percent above the previous four-week average. Exports increased to most major destinations including Mexico (6,000 mt, +3 percent), Japan (4,100 mt, +10 percent), South Korea (1,500 mt, +2 percent), Hong Kong (900 mt, +32 percent), Chile (670 mt, +49 percent), China (650 mt, +73 percent), Australia (400 mt, +95 percent) and Taiwan (390 mt, +25 percent). Exports declined to Canada (1,500 mt, -7 percent), the Philippines (630 mt, -16 percent) and Colombia (350 mt, -29 percent).

Pork net sales were 23,800 mt, up 61 percent from the previous week and 25 percent above the previous four-week average. Sales to China (9,000 mt, +2,126 percent) were the largest since pork sales reporting improved in August of last year. Sales also increased to Japan (4,200 mt, +33 percent) and Korea (2,900 mt, +25 percent), more than offsetting lower sales to Mexico (4,100 mt, -45 percent), Canada (1,900 mt, -25 percent), Hong Kong (230 mt, -52 percent), Colombia (150 mt, -33 percent), Chile (130 mt, -68 percent) and Taiwan (30 mt, -93 percent). Sales to Australia remained steady at 250 mt. Net sales for delivery in 2016 were reported for Korea (100 mt).

Beef-Sales

U.S. beef exports totaled 11,700 mt, up 1 percent from the previous week and 7 percent above the previous four-week average. Increased exports to Japan (2,800 mt, +5 percent), Hong Kong (2,450 mt, +11 percent) and Mexico (1,900 mt, +14 percent) narrowly offset lower exports to Korea (2,200 mt, -4 percent), Canada (760 mt, -8 percent) and Taiwan (560 mt, -21 percent).

Beef net sales were 14,000 mt, up 69 percent from the previous week and 23 percent above the previous four-week average. Large sales to Korea (4,500 mt, +108 percent and the highest since June), Hong Kong (3,400 mt, +42 percent), Canada (1,800 mt, +197 percent and the highest since July) and Taiwan (800 mt, +101 percent) outweighed lower sales to Mexico (2,500 mt, -19 percent) and Japan (460 mt, -86 percent). Net sales for 2016 delivery were reported for Canada (300 mt) and Japan (100 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.