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Slow Week for U.S. Exports, Net Sales

US Beef-Weekly-Export-Sales

U.S. beef exports for the week of Aug. 28 through Sept. 3 totaled 9,300 metric tons (mt), down 14 percent from the previous week and 10 percent below the previous four-week average. Exports increased to Mexico (1,500 mt, +13 percent) and Hong Kong (1,400 mt, +44 percent), but decreased to other primary destinations including Japan (3,000 mt, -8 percent), South Korea (1,400 mt, -38 percent), Canada (750 mt, -28 percent) and Taiwan (490 mt, -40 percent).

Beef net sales were 10,500 mt, down 20 percent from the previous week and down 10 percent from the previous four-week average. Sales increases to Hong Kong (3,700 mt, +48 percent) and Taiwan (1,200 mt, +67 percent and the largest since early June) did not fully offset slower sales to Japan (1,800 mt, -44 percent), Korea (1,600 mt, -30 percent), Mexico (1,100 mt, -3 percent) and Canada (370 mt, -56 percent).

US-pork-Weekly-Export-Sales

U.S. pork exports totaled 14,300 mt, down 19 percent from the previous week and down 14 percent from the previous four-week average. Increased exports were reported for Chile (700 mt, +46 percent) and the Philippines (400 mt, +10 percent), but exports slowed for all other primary destinations including Mexico (6,200 mt, -5 percent), Japan (2,900 mt, -21 percent), Canada (1,600 mt, -4 percent), Korea (900 mt, -17 percent), China (240 mt, -50 percent), Hong Kong (220 mt, -18 percent) and Taiwan (140 mt, -68 percent).

Pork net sales were 10,900 mt, down 59 percent from the previous week and 46 percent below the previous four-week average. Increases were reported for Korea (4,400 mt, +187 percent and the largest since late June), Canada (1,700 mt, +27 percent) and Chile (600 mt, +317 percent), but sales slowed to Mexico (1,700 mt, -76 percent), Japan (1,100 mt, -79 percent), Hong Kong (490 mt, -46 percent), China (70 mt, -92 percent), the Philippines (50 mt, -92 percent) and Taiwan (50 mt, -84 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.