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U.S. Exports Mixed; Strong Week for Net Sales

Weekly-Pork-Exports-Net-Sales

U.S. pork exports for the week of Nov. 6-12 totaled 18,800 metric tons (mt), up 13 percent from the previous week and 2 percent above the previous four-week average. Exports to Mexico were steady at 6,200 mt, while exports increased to Japan (4,000 mt, +8 percent), South Korea (2,800 mt, +26 percent), Hong Kong (1,030 mt, +99 percent and the largest since June), Australia (840 mt, +114 percent and the largest since July) and Taiwan (260 mt, +18 percent). Exports declined to China (1,150 mt, -27 percent), Canada (1,100 mt, -27 percent), Colombia (440 mt, -4 percent) and Chile (300 mt, -3 percent).

Pork net sales were 20,700 mt, up 35 percent from the previous week and 56 percent above the previous four-week average. Increases were reported for Japan (6,800 mt, +92 percent and the largest since August), China (4,500 mt, +1,314 percent following four sluggish weeks), Korea (2,650 mt, +36 percent), Canada (1,600 mt, +182 percent) and Taiwan (340 mt, +104 percent). These increases more than offset slower volumes to Mexico (1,500 mt, -56 percent), Australia (800 mt, -11 percent), Hong Kong (500 mt, -21 percent), Colombia (240 mt, -56 percent) and Chile (160 mt, -24 percent). Net sales for 2016 delivery were reported for Korea (3,300 mt), China (1,300 mt), Japan (100 mt) and Chile (100 mt).

Weekly-Beef-Exports-Net-Sales

U.S. beef exports totaled 12,300 mt, down 8 percent from the previous week and 2 percent below the previous four-week average. Lower exports to Japan (2,600 mt, -9 percent) and Taiwan (580 mt, -10 percent) offset modestly higher exports to other main destinations, including Hong Kong (2,900 mt, +5 percent), Korea (2,600 mt, +3 percent), Mexico (1,800 mt, +8 percent) and Canada (1,100 mt, +1 percent).

Beef net sales were 11,700 mt, up 45 percent from the previous week and 122 percent above the previous four-week average. Increases were reported for Japan (3,800 mt, +197 percent), Korea (2,700 mt, +64 percent) and Mexico (2,600 mt, +78 percent and the largest since May), while lower sales were reported for Hong Kong (1,000 mt, -12 percent from the previous week but up from corrections in mid-October), Canada (800 mt, -4 percent) and Taiwan (240 mt, -69 percent). Net sales for 2016 delivery were reported for Japan (4,300 mt), Korea (600 mt), Taiwan (100 mt), and Hong Kong (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.