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U.S. Pork Net Sales Up Sharply; Slow Week for Beef Sales

USPork-Sales

U.S. pork exports for the week of Sept. 18-24 totaled 16,900 metric tons (mt), down 7 percent from the previous week but up 4 percent from the previous four-week average. Exports increased to almost all primary destinations, including Mexico (6,200 mt, +2 percent), Japan (3,900 mt, +12 percent), Canada (1,700 mt, +3 percent), South Korea (1,700 mt, +78 percent), the Philippines (1,000 mt, +74 percent), Hong Kong (470 mt, +11 percent) and Colombia (430 mt, +5 percent). Exports decreased to Chile (330 mt, -53 percent), China (160 mt, -70 percent) and Taiwan (150 mt, -55 percent).

Pork net sales were 26,100 mt, up 26 percent from the previous week and 43 percent above the previous four-week average. Increases to Mexico (13,300 mt, +118 percent), Canada (4,100 mt, +149 percent and the largest in more than a year), Chile (900 mt, +181 percent), China (770 mt, +224 percent and following no sales last week) and Taiwan (570 mt, +57 percent) outweighed slower sales to Japan (2,300 mt, -36 percent), Korea (1,300 mt, -58 percent), Hong Kong (620 mt, -20 percent), the Philippines (250 mt, -42 percent) and Colombia (230 mt, -10 percent).

Net sales for delivery in 2016 were reported for Canada (200 mt) and Taiwan (100 mt).

USBeef-Sales

U.S. beef exports totaled 11,000 mt, down 10 percent from the previous week but 7 percent above the previous four-week average. Exports increased to Hong Kong (2,700 mt, +69 percent and the largest since March), Korea (2,100 mt, +5 percent), Mexico (1,630 mt, +9 percent) and Taiwan (740 mt, +14 percent), but decreased to Japan (2,100 mt, -34 percent) and Canada (810 mt, -5 percent).

Beef net sales were 8,800 mt, down 47 percent from the previous week and 32 percent below the previous four-week average. Increased sales to Korea (2,630 mt, +21 percent) and Mexico (2,300 mt, +84 percent) did not offset slower sales to Hong Kong (2,000 mt, -45 percent), Canada (510 mt, -29 percent), Japan (450 mt, -88 percent) and Taiwan (300 mt, -63 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 cancellations or adjustments.