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U.S. Exports Higher; Net Sales Largest in Several Months

WeeklyBeefExports

U.S. beef exports for the week of Jan. 15-21 totaled 11,700 metric tons (mt), up 15 percent from the previous four-week average. Increased exports to Japan (3,650 mt, +28 percent and the largest since August 2015), South Korea (2,400 mt, +3 percent), Hong Kong (2,200 mt, +34 percent) and Canada (970 mt, +17 percent) offset slight decreases to Mexico (1,420 mt, -2 percent) and Taiwan (560 mt, -6 percent).

Beef net sales were 19,600 mt up 275 percent from the previous four-week average and the largest weekly net sales since May 2015. Sales increased to all major destinations including Japan (8,390 mt, +1,143 percent and the largest since July 2014), Hong Kong (4,260 mt, +2,640 percent and the largest since September), Korea (2,940 mt, +29 percent), Mexico (1,300 mt, +42 percent), Canada (1,040 mt, +38 percent) and Taiwan (950 mt, +338 percent and the largest since October).

U.S. pork exports totaled 18,100 mt, up 14 percent from the previous four-week average. Exports increased to most main destinations including Japan (3,750 mt, +8 percent), China (2,600 mt, +63 percent), Korea (2,350 mt, +27 percent), Canada (1,200 mt, +11 percent), Hong Kong (920 mt, +36 percent), Australia (690 mt, +15 percent), Colombia (480 mt, +9 percent) and the Dominican Republic (350 mt, +186 percent and the largest since October), offsetting a slight decrease in exports to Mexico (5,140 mt, -3 percent).

WeeklyPorkExports-sfw

Pork net sales were 30,400 mt, up 230 percent from the previous four-week average and the largest weekly net sales since June 2015. However, corrections resulting in negative net sales during the previous month made comparisons difficult for China (2,820 mt) and Colombia (730 mt, the largest since October). Increases in net sales were reported for Japan (9,250 mt, +433 percent and the largest since August), Mexico (7,120 mt, +108 percent and the largest since October), Canada (3,400 mt, +315 percent and the largest since September), Korea (2,910 mt, +99 percent), Hong Kong (2,170 mt, +429 percent) and Australia (300 mt, +145 percent), which more than outweighed slower exports to the Dominican Republic (26 mt, -83 percent).

  • 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.