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Weekly U.S. Exports Trend Lower, but Strong Week for Net Sales

Weekly-Beef-Exports

U.S. beef exports for the week of Feb. 14-20 totaled 11,800 mt, down 2 percent from the previous four-week average. Exports were larger for Japan (2,800 mt, +8 percent), Hong Kong (2,200 mt, +4 percent), Canada (1,400 mt, +1 percent) and Taiwan (630 mt, +25 percent). Exports were lower for South Korea (2,300 mt, -8 percent) and Mexico (1,900 mt, -8 percent).

Accumulated 2014 exports through Feb. 20 were down 13 percent compared to the same period last year, as larger exports for Japan (+34 percent) and Korea (+2 percent) did not fully offset lower volumes for the other main destinations. However, it will be important to compare monthly trends once the January export data is posted, as the weekly data also showed negative trends last year even though actual exports ended higher.

Weekly-Beef-Sales

Beef net sales of 11,700 mt were up 4 percent from the previous four-week average, reflecting larger sales for Mexico (2,600 mt, +66 percent), Hong Kong (2,300 mt, +4 percent) and Taiwan (1,200 mt, +82 percent), while sales were lower for Japan (2,200 mt, -25 percent), Canada (1,100 mt, -20 percent) and Korea (1,000 mt, -49 percent).

U.S. pork exports of 10,700 mt were down 8 percent from the previous four-week average and were primarily reported for Mexico (4,500 mt, +1 percent), Korea (1,800 mt, +5 percent), Japan (1,300 mt, -11 percent), Canada (900 mt, -13 percent) and Hong Kong (400 mt, -54 percent).

Pork net sales totaled 12,900 mt, up 17 percent from the previous four-week average and reflected larger sales for Mexico (7,600 mt, +68 percent), China (1,300 mt, the largest weekly total ever reported) and Korea (1,000 mt, +57 percent). Net sales were lower for Japan (700 mt, -71 percent) and Australia (500 mt, -13 percent) after large sales the previous week.

  • Source: USDA/FAS (includes exports and sales of whole muscle cuts)
  • Percent change is compared to the previous four-week average, unless otherwise noted