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U.S. Exports Trend Lower, but Solid Week for Net Sales

Weekly-Beef-Exports-Sales

U.S. beef exports for the week of April 17-23 totaled 10,800 metric tons (mt), down 10 percent from the previous four-week average. Slower shipments were reported for Japan (3,100 mt, -27 percent), South Korea (2,300 mt, -7 percent), and Hong Kong (1,400 mt, -21 percent), which were not fully offset by larger volumes for Mexico (1,400 mt, +7 percent), Canada (1,100 mt, +36 percent) and Taiwan (700 mt, +44 percent).

Beef net sales were 12,400 mt, up 3 percent from the previous four-week average, driven by larger bookings for Hong Kong (2,600 mt, +163 percent), Mexico (2,500 mt, +80 percent) and Taiwan (1,500 mt, +132 percent and just below last week’s record volume). Sales slowed for Japan (2,000 mt, -46 percent), Korea (2,000 mt, -39 percent) and Canada (1,080 mt, -8 percent).

Weekly-pork-Exports-Sales

U.S. pork exports totaled 19,800 mt, down 5 percent from the previous four-week average, as larger shipments were reported for Mexico (7,100 mt, +15 percent) and Hong Kong (1,100 mt, +73 percent) were offset by smaller volumes for Japan (3,200 mt, -9 percent), Korea (2,900 mt, -24 percent), China (1,700 mt, -19 percent) and Canada (1,400 mt, -11 percent).

Pork net sales were 24,600 mt, up 16 percent from the previous four-week average, with larger sales for most major destinations, including Mexico (11,300 mt, +53 percent), Canada (2,900 mt, +33 percent), Korea (2,500 mt, +106 percent) the Philippines (1,100 mt, +69 percent), Hong Kong (670 mt, +132 percent) and the Dominican Republic (650 mt, +121 percent). Japan (3,500 mt, -1 percent) was down slightly and sales for China (600 mt, -77 percent) were sluggish for the third consecutive week.



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.