print
print

U.S. Exports Open June on Solid Note; Net Sales Sharply Lower

WeeklyUSBeefExports

U.S. beef exports for the week May 30 through June 5 totaled 14,400 metric tons (mt), up 2 percent from the previous four-week average. Exports were mainly for Japan (4,400 mt, +1 percent), Hong Kong (2,500 mt, steady), Mexico (2,000 mt, steady), South Korea (1,900 MT, -7 percent), Canada (1,900 mt, +29 percent) and Taiwan (560 mt, -8 percent).

Beef net sales were 6,700 mt, down 51 percent from the previous four-week average. This was due in large part to a revision for Japan, which had -1,900 mt in net sales following larges sales (6,492 mt) reported the previous week. Net sales were also lower for Mexico (1,200 mt, -47 percent), Korea (1,000 mt, -57 percent) and Canada (1,400 mt, -9 percent) but up sharply for Hong Kong (3,000 mt, +56 percent) and Taiwan (1,300 mt, +55 percent).

WeeklyUSBeefSales

U.S. pork exports totaled 10,400 mt, up 4 percent from the previous four-week average. Exports were primarily reported for Mexico (4,000 mt), Japan (1,800 mt), Canada (1,100 mt), Korea (1,100 mt), and Hong Kong (900 mt). Pork net sales were 8,500 mt, down 19 percent from the previous four-week average and mainly reported for Canada (3,500 mt), Japan (2,000 mt), Mexico (1,800 mt), Korea (300 mt) and the Philippines (200 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.