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U.S. Exports Trend Higher; Slow Week for Net Sales

WeeklyBeef

U.S. beef exports for the week of Feb. 5-11 totaled 11,500 metric tons (mt), up 4 percent from the previous week and 2 percent above the previous four-week average. Exports increased to Hong Kong (2,240 mt, +23 percent) and Mexico (1,510 mt, +12 percent), but were lower for Japan (3,410 mt, -3 percent), South Korea (2,350 mt, -3 percent), Canada (890 mt, -14 percent) and Taiwan (470 mt, -10 percent).

Beef net sales were 7,600 mt, down 28 percent from the previous week and 37 percent below the previous four-week average. Increased sales to Mexico (1,390 mt, +26 percent) were outweighed by slower sales to other main destinations including Japan (1,940 mt, -50 percent), Korea (1,490 mt, -48 percent), Hong Kong (1,220 mt, -31 percent), Canada (540 mt, -53 percent) and Taiwan (340 mt, -48 percent).

WeeklyPork

U.S. pork exports totaled 18,900 mt, up 16 percent from the previous week and 8 percent above the previous four-week average. Larger volumes for Japan (3,840 mt, +13 percent), Korea (2,970 mt, +46 percent and the largest since June), China (2,810 mt, +6 percent), Australia (780 mt, +6 percent), Chile (220 mt, +35 percent), Colombia (480 mt, +22 percent) and the Philippines (190 mt, +235 percent) more than offset decreases to Mexico (4,690 mt, -5 percent), Canada (1,220 mt, -5 percent) and Hong Kong (880 mt, -6 percent).

Pork net sales were 19,600 mt, down 24 percent from the previous week and 13 percent below the previous four-week average. Increases were reported for Mexico (6,130 mt, +34 percent), Korea (4,420 mt, +41 percent), Canada (1,800 mt, +19 percent), the Philippines (830 mt, +213 percent and the largest since August) and Chile (100 mt, +15 percent), while sales slowed to Japan (3,140 mt, -33 percent), China (1,360 mt, -77 percent), Hong Kong (360 mt, -63 percent) and Colombia (310 mt, -29 percent). Corrections resulted in negative net sales for Australia (-50 mt).

  • 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.