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U.S. Meat Exports Open 2015 on Positive Note; Big Week for Pork Net Sales

Weekly-Beef-Exports

NOTE: This summary covers the week of Jan. 2-8. For beef, year-over-year percentage changes are noted below, as we begin a new year of post-holiday trade. Pork results use the previous four-week average, as year-over-year comparisons are not meaningful due to mid-year changes in the level of reporting activity.

U.S. beef exports totaled 12,600 metric tons (mt), up 5 percent from a year ago with larger volumes reported for Japan (3,700 mt, +45 percent), Hong Kong (2,400 mt, +10 percent) and South Korea (2,100 mt, +1 percent). Exports were lower for Mexico (2,000 mt, -13 percent), Canada (1,000 mt, -35 percent) and Taiwan (640 mt, -7 percent).

Weekly-Beef-Sales

Beef net sales were 11,100 mt, down 29 percent from a year ago with larger sales for Mexico (3,400 mt, +71 percent), Japan (1,700 mt, +14 percent) and the Philippines (1,000 mt, up from just 100 mt). Sales slowed for Korea (2,400 mt, -47 percent), Hong Kong (1,200 mt, -70 percent), Canada (830 mt, -49 percent) and Taiwan (470 mt, -50 percent).

U.S. pork exports totaled 19,800 mt, up 22 percent from the previous four-week average. Exports were larger to Mexico (7,100 mt, +17 percent), Korea (4,100 mt, +48 percent), Japan (3,900 mt, +31 percent), Canada (1,800 mt, +44 percent) and Hong Kong (700 mt, +20 percent), but lower for China (90 mt, -87 percent).

Pork net sales were 28,200 mt, up 162 percent from the previous four-week average, as sales gained momentum for all main destinations including Korea (10,100 mt, +518 percent), Mexico (8,000 mt, +54 percent), Japan (4,400 mt, +140 percent), Canada (1,600 mt, +177 percent), Australia (1,000 mt, +256 percent) and Hong Kong (500 mt, +42 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.