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U.S. Exports Trend Lower; Beef Net Sales Rebound

U.S. beef exports for the week of Oct. 17-23 totaled 13,000 metric tons (mt), down 8 percent from the previous four-week average. Exports were mainly for Japan (3,100 mt, -26 percent), Hong Kong (3,000 mt, -3 percent), South Korea (2,500 mt, +2 percent), Mexico (1,800 mt, -5 percent), Canada (900 mt, -9 percent) and Taiwan (620 mt, -8 percent). Accumulated year-to-date exports (through Oct. 23) were down 1 percent from a year ago, as strong growth to Korea, Japan and Taiwan nearly offset smaller volumes for Canada and Mexico.

Following two sluggish weeks, beef net sales of 20,100 mt were up 92 percent from the previous four-week average and the second-largest weekly total of the year. Larger sales were reported for most markets including Japan (4,300 mt, +77 percent), Hong Kong (3,600 mt, +125 percent), the Philippines (3,500 mt, by far the largest sales this year) Korea (3,000 mt, +9 percent), Mexico (2,100 mt, +96 percent) and Taiwan (1,500 mt, +242 percent and the largest of the year). The exception was Canada, where sales fell 51 percent to 730 mt.

U.S. pork exports totaled 17,300 mt, down 9 percent from the previous four-week average with smaller volumes for Mexico (5,000 mt, -16 percent), Korea (3,000 mt, -4 percent) and Japan (3,000 mt, -21 percent), but larger exports for Canada (2,300 mt, +37 percent), China 1,300 mt, +22 percent) and Hong Kong (1,300 mt, +5 percent).

Pork net sales were 12,700 mt, down 39 percent from the previous four-week average with smaller sales for Mexico (3,200 mt, -51 percent), Korea (3,200 mt, -36 percent), Japan (1,500 mt, -60 percent), Hong Kong (800 mt, -36 percent) and China (310 mt, -68 percent). Sales were higher for Canada (1,900 mt, +21 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.