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U.S. Pork Exports Steady, but Net Sales Lower; Beef Sales Rebound

WeeklyUSPorkExports

U.S. pork exports for the week of Feb. 12-18 totaled 18,000 metric tons (mt), down 5 percent from the previous week but steady compared to the previous four-week average. Exports trended higher to most main destinations including Mexico (4,730 mt, +1 percent), Japan (4,000 mt, +13 percent), China (2,980 mt, +12 percent and the largest since October), South Korea (2,390 mt, +2 percent), Canada (1,390 mt, +8 percent) and Colombia (420 mt, +4 percent), while exports were down to Hong Kong (860 mt, -4 percent) and Australia (280 mt, -67 percent).

Pork net sales were 14,400 mt, down 27 percent from the previous week and 39 percent below the previous four-week average. Increased sales to Mexico (7,770 mt, +47 percent and the largest since September), Hong Kong (1,360 mt, +42 percent) and Australia (190 mt, +2 percent) were outweighed by slower sales to Japan (2,770 mt, -41 percent), Canada (1,000 mt, -38 percent), Korea (530 mt, -82 percent) and Colombia (130 mt, -67 percent), and a sharp decline for China (100 mt, -98 percent).

WeeklyUSBeefExports

U.S. beef exports totaled 10,300 mt, down 10 percent from the previous week and 12 percent below the previous four-week average. Exports were higher for Taiwan (570 mt, +3 percent) and steady for South Korea (2,430 mt), but lower for other primary destinations including Japan (3,240 mt, -10 percent), Hong Kong (1,540 mt, -23 percent), Mexico (1,100 mt, -24 percent), Canada (790 mt, -22 percent) and the Philippines (60 mt, -39 percent).

Beef net sales were 12,500 mt, up 64 percent from the previous week and 6 percent above the previous four-week average. Sales increases to Japan (4,470 mt, +2 percent), Korea (2,880 mt, +29 percent), the Philippines (1,770 mt, +2,040 percent and the largest since October 2014) and Taiwan (900 mt, +47 percent) outweighed slower sales to Mexico (900 mt, -17 percent), Hong Kong (590 mt,-72 percent) and Canada (550 mt, -22 percent).

  • 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.