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Solid Week for U.S. Beef and Pork Exports; Slow for Pork Net Sales

U.S. beef exports for the week of June 17-23 totaled 14,300 metric tons (mt), slipping 4 percent from the 2016 high achieved the previous week but still 7 percent above the previous four-week average. Exports increased to South Korea (3,650 mt, +23 percent), Canada (1,490 mt, +13 percent), Hong Kong (1,380 mt, +20 percent) and Taiwan (930 mt, +7 percent), but declined to Japan (4,600 mt, -4 percent) and Mexico (1,280 mt, -19 percent).

Beef net sales were 14,600 mt, down 10 percent from the previous week but 8 percent above the previous four-week average. Increases to Korea (5,330 mt, +55 percent), Hong Kong (2,350 mt, +104 percent), Mexico (1,680 mt, +16 percent) and Canada (1,590 mt, +18 percent) more than offset slower sales to Japan (2,070 mt, -52 percent) and Taiwan (980 mt, -22 percent). Net sales were also reported for Canada (400 mt) for delivery in 2017.

U.S. pork exports totaled 19,700 mt, up 3 percent from the previous week and steady with the previous four-week average. Exports were higher for Mexico (6,660 mt, +12 percent), Japan (4,110 mt, +4 percent), Canada (1,320 mt, +4 percent), Hong Kong (1,240 mt, +22 percent), Colombia (450 mt, +20 percent) Taiwan (220 mt, +143 percent and the largest since December) and the Dominican Republic (210 mt, +181 percent), but trended lower for China (3,080 mt, -19 percent), Korea (1,240 mt, -11 percent) and Australia (640 mt, -30 percent).

Pork net sales were 13,300 mt, down 34 percent from the previous week and 26 percent below the previous four-week average. Sales increased to Mexico (4,480 mt, +2 percent), Canada (2,270 mt, +98 percent and the largest since March), Colombia (880 mt, +329 percent and the largest in 11 months), Taiwan (190 mt, +154 percent) and the Dominican Republic (50 mt, +61 percent). Sales were steady to Hong Kong (1,960 mt) but slowed to Japan (2,330 mt, -43 percent) and Korea (110 mt, -93 percent). Sales were also below the previous four-week average for Australia (450 mt) and China (220 mt), following corrections that resulted in negative net sales last 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.
  • 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.