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Weekly Exports Strong in Mid-November, but Slowed by Holiday

Summary for week of Nov. 15-21

U.S. beef exports totaled 14,100 mt, up 11 percent from the previous four-week average. Exports were primarily to Hong Kong (3,700 mt, +21 percent), Mexico (2,600 mt, +16 percent), Japan (2,500 mt, -12 percent), South Korea (2,100 mt, +22 percent), Canada (1,600 mt, +14 percent) and Taiwan (612 mt, -3 percent). This was the third time in four weeks that exports to Hong Kong exceeded 3,000 mt, and it was the largest destination for U.S. beef in two of those weeks.

Following large net sales the previous week, this week’s total (9,500 mt for 2013 delivery) was down 19 percent from the previous four-week average. Net sales were mainly for Korea (3,000 mt, +34 percent), Mexico (2,400 mt, -18 percent), Japan (1,500 mt, -25 percent), Canada (900 mt, -38 percent) and Hong Kong (700 mt, -62 percent). Net sales for 2014 delivery totaled 2,100 mt and were for Japan (1,900 mt) and Korea (200 mt).

Pork exports totaled 11,300 mt, up 9 percent from the previous four-week average. Exports were mainly to Mexico (4,000 mt, +10 percent), Hong Kong (1,900 mt, +63 percent), Japan (1,500 mt, +15 percent), Canada (1,200 mt, +18 percent) and Korea (900 mt, +7 percent). Net sales (all for 2013 delivery) totaled 8,700 mt, down 6 percent from the previous four-week average. Net sales were primarily for Mexico (3,200 mt, -1 percent), Japan (1,900 mt, +49 percent), Korea (1,200 mt, -12 percent), Canada (600 mt, -12 percent) and Hong Kong (400 mt, +69 percent).

Summary for week of Nov. 22-28

During this holiday-shortened week, beef exports totaled 12,500 mt – down 5 percent from the previous four-week average. Exports were primarily to Japan (3,100 mt, +9 percent), Hong Kong (2,700 mt, -18 percent), Mexico (2,600 mt, +9 percent), Korea (1,800 mt, -5 percent), Canada (1,300 mt, -5 percent) and Taiwan (470 MT, -26 percent).

Beef net sales totaled 11,500 mt for 2013 delivery – down 2 percent from the previous four-week average and mainly reported for Korea (2,600 mt, +3 percent), Hong Kong (2,400 mt, +42 percent), Mexico (2,300 mt, -23 percent), Japan (2,000 mt, -12 percent) and Canada (1,300 mt, -7 percent). Net sales for 2014 delivery reached only 200 mt, as the totals for Hong Kong (500 mt), Mexico (400 mt), Taiwan (300 mt) and Korea (100 mt) were nearly offset by decreases for Japan (-1,200 mt).

Pork exports totaled 9,700 mt, down 12 percent from the previous four-week average. Exports were reported for Mexico (3,600 mt), Korea (1,300 mt), Canada (1,200 mt), Japan (1,200 mt) and Hong Kong (600 mt). Net sales of 9,900 mt were up 4 percent from the previous four-week average and were primarily for Mexico (3,600 mt), Korea (2,500 mt), Japan (700 mt), Australia (700 mt) and Canada (500 mt).

Notes:

  • Percent change is compared to the previous four-week average, unless otherwise indicated.
  • Mandatory pork export sales reporting is still in its early stages and the data represent less than 40 percent of chilled/frozen pork exports, so it is not yet representative of actual volume.
  • Weekly data only includes exports and sales of whole muscle cuts, reported by the exporters to USDA/FAS Export Sales Reporting.