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U.S. Exports Trend Lower; Mixed Results for Net Sales

Weekly-Beef-Sales

U.S. beef exports for the week of Aug. 7-13 totaled 9,900 metric tons (mt), down 4 percent from the previous week and 13 percent below the previous four-week average. Larger exports to Mexico (1,500 mt, +3 percent) and Hong Kong (1,000 mt, +11 percent) did not offset decreases to Japan (3,100 mt, -12 percent), South Korea (1,900 mt, -25 percent), Canada (1,000 mt, -31 percent) and Taiwan (740 mt, -7 percent).

Beef net sales were 8,300 mt, down 32 percent from the previous week and 4 percent below the previous four-week average. Hong Kong saw a significant increase (1,900 mt, +138 percent), but sales to all other main destinations slowed, including Japan (2,200 mt, -33 percent), Korea (1,300 mt, -1 percent), Mexico (800 mt, -27 percent), Canada (800 mt, -19 percent) and Taiwan (400 mt, -28 percent).

Weekly-Pork-Sales

U.S. pork exports totaled 15,600 mt, down 8 percent from the previous week and 13 percent below the previous four-week average. Exports to Hong Kong (315 mt, +40 percent) and Taiwan (480 mt, +48 percent) increased, while exports were steady to Canada (1,600 mt). Exports to all other main destinations were lower, including Mexico (6,400 mt, -3 percent), Japan (3,700 mt, -1 percent), Korea (900 mt, -14 percent), Colombia (500 mt, -18 percent), Australia (330 mt, -26 percent), Chile (320 mt, -36 percent), the Philippines (270 mt, -4 percent) and China (40 mt, -95 percent).

Pork net sales were 20,700 mt, up 27 percent from the previous week and 29 percent above the previous four-week average. Increases were reported for Japan (9,300 mt, +201 percent and the largest this year), China (2,800 mt, the first significant sales since early July), Canada (2,300 mt, +63 percent), the Philippines (a new high of 1,700 mt, +370 percent) and Hong Kong (720 mt, +359 percent and the largest since late June). These results outweighed slower sales to Mexico (2,300 mt, -63 percent), Korea (440 mt, -48 percent) and Colombia (300 mt, -46 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.