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Solid Week for U.S. Beef, Pork Exports; Net Sales Surge

WeeklyUSBeefExports

U.S. beef exports for the week of June 13-19 totaled 15,500 metric tons (mt), up 8 percent from the previous four-week average with stronger volumes for Japan (4,900 mt, +12 percent), South Korea (2,400 mt, +17 percent), Mexico (2,300 mt, +18 percent) and Taiwan (780 mt, +35 percent). Volumes were lower for Hong Kong (2,300 mt, -11 percent) and Canada (1,400 mt, -18 percent).

Beef net sales of 17,100 mt were up 31 percent from the previous four-week average including large sales for Hong Kong (5,400 mt, +52 percent and the largest since September), Korea (4,500 mt, +120 percent and the largest since January), Mexico (4,100 mt, +93 percent) and Taiwan (1,200 mt, +30 percent). Net sales slowed for Canada (1,000 mt, -28 percent). Net sales for Japan were just 11 mt, likely reflecting negative adjustments from previously reported sales. This year’s outstanding sales (sold, not yet shipped) for Japan are still relatively large at 29,000 mt.

WeeklyUSBeefSales

U.S. pork exports of 9,900 mt were steady with the previous four-week average. Primary destinations were Mexico (4,000 mt, +3 percent), Japan (1,700 mt, +1 percent), Canada (1,300 mt, +17 percent) and the Philippines (600 mt, +295 percent). Exports trended lower for Korea (550 mt, -46 percent), China (260 mt, -8 percent) and Hong Kong (170 mt, -72 percent).

Pork net sales of 17,100 mt were up 85 percent from the previous four-week average, led by large sales for Mexico (9,300 mt, +121 percent), Japan (2,800 mt, +172 percent), Canada (1,700 mt, +4 percent), Hong Kong (800 mt, +417 percent) and the Philippines (600 mt, +158 percent). Net sales for China also rebounded (370 mt, +97 percent) but slowed for Korea (70 mt, -88 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 cancelations or adjustments.