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U.S. Exports Sluggish to Open August, but Net Sales Higher

Weekly-Beef-Sales

U.S. beef exports for the week of July 31 through Aug. 6 totaled 10,400 metric tons (mt), down 1 percent from the previous week and 11 percent below the previous four-week average. Increased exports to Taiwan (1,100 mt, +36 percent) were outweighed by lower volumes to all other primary destinations, including Japan (2,800 mt, -23 percent), South Korea (2,400 mt, -10 percent), Mexico (1,400 mt, -7 percent), Canada (1,300 mt, -5 percent) and Hong Kong/Vietnam (760 mt, -22 percent).

Beef net sales were 12,300 mt, up significantly from the previous week and 46 percent above the previous four-week average. Larger sales were reported for Japan (7,000 mt, +163 percent), Korea (1,800 mt, +62 percent), Hong Kong/Vietnam (970 mt, +34 percent) and Taiwan (800 mt, +22 percent), which more than offset lower sales to Mexico (700 mt, -48 percent) and Canada (400 mt, -69 percent).

Div style=”margin: -10px 0px 0px 0px; float:left;”>Weekly-Pork-Sales

U.S. pork exports totaled 17,000 mt, up 1 percent from the previous week but 3 percent below the previous four-week average. Increases were reported for Japan (3,800 mt, +7 percent), Canada (1,600 mt, +5 percent), Korea (1,500 mt, +67 percent), Chile (650 mt, +59 percent), the Philippines (520 mt, +138 percent), Taiwan (330 mt, +8 percent) and the Dominican Republic (280 mt, +3 percent), while exports to Mexico (6,400 mt) remained steady. Exports trended lower for Colombia (500 mt, -20 percent), Australia (400 mt, -25 percent), Honduras (270 mt, -25 percent), China (220 mt, -79 percent) and Hong Kong (170 mt, -46 percent).

Pork net sales were 16,400 mt, up 15 percent from the previous week and 5 percent above the previous four-week average. Strong increases were reported for Japan (4,500 mt, +73 percent), Australia (1,400 mt, +387 percent) and the Philippines (730 mt, +250 percent), with sales also trending higher for China (600 mt, +3 percent) and the Dominican Republic (272 mt, +23 percent). Sales slowed to Mexico (5,300 mt, -15 percent), Canada (1,200 mt, -12 percent), Korea (800 mt, -9 percent), Colombia (485 mt, -9 percent), Chile (280 mt, -69 percent), Honduras (243 mt, -16 percent), Taiwan (182 mt, -37 percent) and Hong Kong (122 mt, -12 percent).

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.