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Strong Week for U.S. Red Meat Sales; Export Results Mixed

Weekly-Beef-Exports

U.S. beef exports closed September on a solid note, with exports for the week of Sept. 26-Oct. 2 totaling 14,000 metric tons (mt) – up 5 percent from the previous four-week average. Exports were mainly for Japan (4,300 mt, +10 percent), Hong Kong (2,700 mt, +1 percent), South Korea (2,200 mt, +4 percent), Mexico (2,200 mt, steady), Canada (1,000 mt, -2 percent) and Taiwan (690 mt, -2 percent).

Beef net sales were 14,100 mt, up 5 percent from the previous four-week average, including large sales for Canada (3,500 mt, +319%), Korea (3,000 mt, +53 percent) and Taiwan (940 mt, +112 percent). Sales slowed for Japan (2,500 mt, -29 percent), Hong Kong (2,000 mt, -54 percent) and Mexico (1,200 mt, -26 percent). Net sales for delivery in 2015 were reported for Japan (2,900 mt) and Canada (300 mt).

Weekly-Beef-Sales

U.S. pork exports totaled 16,500 mt, down 5 percent from the previous four-week average. Exports were primarily to Mexico (4,900 mt, -18 percent), Japan (3,500 mt, -2 percent), Korea (2,800 mt, +16 percent), Canada (1,500 mt, -12 percent), Hong Kong (1,100 mt, -16 percent) and China (980 mt, +78 percent).

Pork net sales were 22,500 mt, up 10 percent from the previous four-week average, including another big week for Mexico (9,900 mt, +48 percent) and large volumes for Korea (6,100 mt, +142 percent). Sales slowed for Japan (2,100 mt, -42 percent), Hong Kong (1,800 mt, -6 percent) and Canada (1,000 mt, -51 percent). After showing renewed momentum in two of the past four weeks, net sales for China (230 mt, -85 percent) were sharply lower.


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.