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U.S. Exports Edge Lower; Net Sales Down Sharply

Weekly-Beef-Exports

NOTE: The detailed results below are for the week of Nov. 21-27. However, global results for the previous week (Nov. 14-20) are also included because we did not publish an Export Newsline during the Thanksgiving break.

U.S. beef exports for the week of Nov. 21-27 totaled 11,300 metric tons (mt), down 8 percent from the previous week (12,300 mt) and 13 percent from the previous four-week average. The rebound in exports to Mexico (1,800 mt, +11 percent) was offset by smaller volumes to other major destinations, including Japan (3,200 mt, -8 percent), Hong Kong (2,300 mt, -20 percent), South Korea (2,000 mt, -14 percent), Canada (900 mt, -17 percent) and Taiwan (500 mt, -14 percent).

Beef net sales were 7,600 mt, down 33 percent from the previous week and 23 percent lower than the previous four-week average. Sales were larger for Japan (2,600 mt, +14 percent) and Mexico (1,800 mt, +97 percent), but were offset by lower totals for Korea (1,300 mt, -36 percent), Hong Kong (700 mt, -75 percent), Canada (600 mt, -46 percent) and Taiwan (115 mt, -61 percent). Net sales for delivery in 2015 were reported for Japan (4,000 mt) and Taiwan (100 mt).

Weekly-Beef-Sales

U.S. pork exports totaled 18,700 mt, down 4 percent from the previous week (19,400 mt) and from the previous four-week average. Volumes were larger for China (1,300 mt, +23 percent) and Hong Kong (1,300 mt, +12 percent), but were offset by smaller totals for Mexico (5,100 mt, -16 percent) and Korea (2,800 mt, -13 percent). Exports were also down slightly for Japan (3,600 mt, -1 percent) and Canada (1,900 mt, -1 percent).

Pork net sales were only 2,000 mt – a marketing year low – due to negative net sales in several markets. This was 89 percent lower than the previous week (18,900 mt) and the previous four-week average. Larger sales were reported for Hong Kong (1,500 mt, +72 percent) and Colombia (800 mt, +68 percent). Sales were positive, but lower than the previous four-week average, for Japan (1,300 mt, -68 percent following sales of 4,800 mt the previous week), China (500 mt, -73 percent following big sales of 3,600 mt the previous week) and the Philippines (200 mt, -46 percent). Net sales were negative for Mexico (-900 mt), Australia (-800 mt), Korea (-800 mt) and Canada (-300 mt).

Net sales for 2015 delivery were reported for Australia (1,200 mt), Korea (800 mt), Japan (500 mt), Chile (200 mt) and Mexico (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 β€œnet” sales are reported as the difference between new sales and any cancelations or adjustments.