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U.S. Exports, Net Sales Report for June 19-July 2

Weekly-Pork-Exports-Sales

U.S. pork exports for the week of June 19-25 set a marketing-year high of 38,800 mt — up 90 percent from the previous four-week average with new weekly highs established for Mexico (13,500 mt, +105 percent), South Korea (6,900 mt, +320 percent), Japan (6,200 mt, +84 percent), Australia (2,700 mt, +280 percent) and Colombia (1,100 mt, +148 percent). Pork net sales of 39,000 mt — also a marketing-year high — were up 91 percent from the previous four-week average with large sales reported for Mexico, Japan, Canada, Colombia and Hong Kong. Sales for Korea and Australia were also large, but were later adjusted downward (see below).

The following week (June 26-July 2), pork exports totaled 24,000 mt, down 7 percent from the previous four-week average. Exports were lower for Mexico (7,800 mt, -9 percent), Japan (4,000 mt, -4 percent), Canada (1,800 MT, -2 percent), Korea (1,500 mt, -49 percent following large exports the previous week), Australia (900 mt, -28 percent) and Hong Kong (850 mt, -7 percent). Exports were strong for China (2,000 mt, +42 percent) and Colombia (1,700 MT, +168 percent). Pork net sales were 17,000 mt, down 37 percent from the previous four-week average, as larger sales for Japan, Canada and Colombia were offset by smaller bookings for Mexico, Chile and Hong Kong. Negative net sales were reported for Korea (-2,100 mt) and Australia (-1,900 mt) as a result of adjustments to sales reported the previous week.

Weekly-Beef-Exports-Sales

U.S. beef exports for the week of June 19-25 totaled 10,900 mt, down 19 percent from the previous four-week average. Shipments trended lower for Japan (2,900 mt, -27 percent), Korea (2,800 mt, +5 percent), Mexico (1,500 mt, -9 percent), Canada (1,200 mt, -26 percent), Hong Kong (1,100 mt, -44 percent) and Taiwan (740 mt, -8 percent). Beef net sales of 6,600 mt were down 45 percent from the previous four-week average and were mainly reported for Korea, Japan, Canada, Taiwan, Mexico and Hong Kong.

For June 26-July 2, beef exports were 11,300 mt, up 4 percent from the previous week but 14 percent below the previous four-week average. Volumes were lower for Japan (3,600 mt, -3 percent), Korea (2,400 mt, -17 percent), Canada (1,500 mt, -5 percent), Mexico (1,400 mt, -14 percent), Hong Kong (800 mt, -56 percent) and Taiwan (620 mt, -7 percent). After three slow weeks, beef net sales rebounded to 18,100 mt – up 70 percent from the previous four-week average on large volumes for Japan (6,600 mt, +143 percent) and Korea (6,200 mt, +131 percent). Sales also rebounded for Hong Kong (1,300 mt, +50 percent), but trended lower for Mexico, Canada and Taiwan.