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Weekly U.S. Pork Exports Hit New 2014 High; Slow Week for U.S. Beef

Weekly-U.S.-Beef-Exports

U.S. pork exports for the week of Feb. 7-13 set a new high for the year at 13,000 mt (up 11 percent from the previous four-week average), driven by large volumes for Mexico (5,100 mt, +16 percent) and Korea (2,300 mt, +41 percent). Other destinations included Japan (1,400 mt, -1 percent), Canada (1,100 mt, steady) and Australia (700 MT, +39 percent).

Weekly-U.S.-Beef-Sales

Pork net sales of 16,000 mt were up 50 percent from the previous four-week average, with large increases for the main destinations: Japan (5,800 mt, +298 percent), Mexico (3,900 mt, +16 percent), Australia (2,100 mt, the largest since the first of the year), Canada (1,900 mt, +160 percent) and the Philippines (600 mt, +193 percent). Although the reported volumes remain relatively small, these comparatively large sales suggest that international customers may realize U.S. hog and pork prices are moving higher as concerns about PEDv escalate. However, exports (175 mt) and net sales (175 mt) for China remained weak, while results were mixed for Hong Kong (exports: 600 mt, -25 percent; net sales (300 mt, +34 percent).

U.S. beef exports totaled 11,500 mt, down 6 percent from the previous four-week average. Exports were primarily to Japan (2,400 mt, -8 percent), Mexico (2,200 mt, +8 percent), Hong Kong (2,200 mt, steady), South Korea (2,000 mt, -19 percent), Canada (1,400 mt, -7 percent) and Taiwan (670 mt, +52 percent).

Beef net sales of 9,900 mt were down 20 percent from the previous four-week average. This mainly reflects a correction for Japan, which had net sales of -1,200 mt. This downward adjustment was likely from the 7,300 mt reported for Japan in the previous week. For other markets, net sales were the largest since early January for Hong Kong (3,900 mt, +150 percent) and Korea (3,200 MT, +88 percent). Net sales for Mexico (2,200 mt, +11 percent) also trended higher while results were lower for Canada (1,000 mt, -29 percent) and Taiwan (300 mt, -59 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