print
print

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

Beef-Sales

U.S. beef exports for the week of Sept. 25 to Oct. 1 totaled 11,600 metric tons (mt), up 5 percent from the previous week and 12 percent above the previous four-week average. Increased exports to Hong Kong (2,700 mt, +48 percent), South Korea (2,400 mt, +21 percent) and Mexico (1,800 mt, +13 percent) more than offset slight decreases to Japan (2,600 mt, -5 percent) and Canada (800 mt, -1 percent). Exports were steady to Taiwan (660 MT).

Beef net sales were 8,300 mt, down 6 percent from the previous week and down 31 percent from the previous four-week average. Sales increased to Mexico (2,100 mt, +46 percent) and Canada (750 mt, +47 percent) but slowed to all other major destinations, including Japan (2,100 mt, -35 percent), Korea (1,500 mt, -33 percent), Hong Kong (500 mt, -81 percent) and Taiwan (430 mt, -28 percent). Net sales for 2016 delivery were reported for Japan (2,200 mt) and Mexico (100 mt).

Pork-Sales

U.S. pork exports totaled 17,200 mt, up 2 percent from the previous week and 7 percent above the previous four-week average. Exports to Korea (2,000 mt, +76 percent) and Hong Kong (950 mt, +96 percent) were the largest since June, with volumes also increasing to Japan (3,800 mt, +9 percent), the Philippines (690 mt, +1 percent), China (640 mt, +131 percent), Colombia (640 mt, +63 percent) and Taiwan (380 mt, +49 percent). Exports decreased to Mexico (5,600 mt, -7 percent), Canada (1,600 mt, -4 percent) and Chile (240 mt, -57 percent).

Pork net sales were 14,700 mt, down 43 percent from the previous week and 19 percent below the previous four-week average. Increases to Mexico (7,400 mt, +22 percent) and Colombia (270 mt, +88 percent) were outweighed by declines to all other major destinations, including Japan (2,300 mt, -19 percent), Korea (1,700 mt, -41 percent), Canada (1,600 mt, -38 percent), Chile (300 mt, -39 percent), Hong Kong (190 mt, -66 percent) Taiwan (140 mt, -62 percent), the Philippines (140 mt, -66 percent) and China (12 mt, -97 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 cancellations or adjustments.