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Weak Sales for Pork, Beef

Pork-Weekly-Exports-Sales

Pork exports for the week of July 24-30 β€” 16,800 mt β€” were down 27 percent from the previous week and 13 percent from the prior 4-week average. Higher exports to Mexico (6,800 mt, up 2 percent) and Japan (3,800 mt, up 4 percent) did not offset smaller volumes to Canada (1,600 mt, down 2 percent), South Korea (700 mt, down 36 percent), Colombia (600 mt, down 39 percent), China (350 mt, down 75 percent) and Hong Kong (254 mt, down 44 percent).

Pork net sales were 14,200 mt, down 36 percent from the previous week and 13 percent from the prior 4-week average. Increased sales to Mexico (8,200 mt, up 27 percent), Colombia (900 mt, up 65 percent) and South Korea (700 mt, up 253 percent) did not offset slower sales to Japan (1,300 mt, down 66 percent), Canada (1,200 mt, down 30 percent), China (75 mt, down 87 percent and Hong Kong (250 mt, down 86 percent).

Beef-Weekly-Exports-Sales

Beef exports totaled 10,500 mt, down 11 percent from the previous week and 12 percent down from the prior four-week average with lower exports to all main destinations: Japan (3,500 mt, down 4 percent), South Korea (2,300 mt, down 17 percent), Mexico (1,400 mt, down 2 percent), Canada (1,200 mt, down 18 percent), Hong Kong (800 mt, down 14 percent) and Taiwan (600 mt, down 21 percent).

Beef net sales of 5,900 mt were down 6 percent from the previous week and 49 percent from the prior four-week average. Net sales to Japan, South Korea, and Mexico picked up from the previous week, but net sales to all major destinations slowed compared to the prior four-week average: Japan (2,100 mt, down 44 percent), Canada (1,100 mt, down 18), Mexico (800 mt, down 42 percent), South Korea (800 mt, down 68 percent), Hong Kong (600 mt, down 37 percent) and Taiwan (220 mt, down 72 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 β€œnet” sales are reported as the difference between new sales and any cancelations or adjustments.