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U.S. Exports Fairly Steady, but Net Sales Weak

Weekly-Beef-Exports

U.S. beef exports for the week of Oct. 2-9 totaled 14,400 metric tons (mt), up 3 percent from the previous four-week average. Volumes were the largest this year for Hong Kong (3,400 mt, +22 percent) and South Korea (3,100 mt, +35 percent), but slowed for Japan (3,900 mt, -7 percent), Mexico (1,700 mt, -22 percent), Canada (900 mt, -13 percent) and Taiwan (680 mt, -8 percent).

Beef net sales were 8,000 mt, down 41 percent from the previous four-week average and the lowest in nearly two months. Sales were strong for Japan (3,200 mt, +6 percent) and Korea (2,700 mt, +14 percent), but were offset by sharply lower volumes for Hong Kong (900 mt, -70 percent), Canada (400 mt, -72 percent), Taiwan (200 mt, -72 percent) and Mexico (100 mt, -95 percent).

Weekly-Beef-Sales

U.S. pork exports totaled 18,000 mt, down 2 percent from the previous four-week average. Exports were larger for Korea (3,300 mt, +28 percent), but slowed to other major destinations including Mexico (5,900 mt, -2 percent), Japan (3,300 mt, -13 percent), Korea (3,300 mt, +28 percent), Canada (1,500 mt, -14 percent), Hong Kong (1,100 mt, -22 percent) and China (780 mt, -1 percent).

Pork net sales were 18,500 mt, down 17 percent from the previous four-week average. Sales were led by another big week for Korea (5,400 mt, +74 percent) and strong sales for Japan (5,200 mt, +67 percent), but were lower for Mexico (4,800 mt, -39 percent), Canada (1,000 mt, -54 percent) and Hong Kong (700 mt, -68 percent). After two large weeks in September, net sales for China were again minimal at just 17 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 cancelations or adjustments.