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Thanksgiving Week Sees Large Pork Sales to Mexico; Previous Week’s Exports Were Steady-to-Higher

PorkENS

Pork exports for the week of Nov. 20-26 totaled 17,000 metric tons (mt), down 15 percent from the previous week and 10 percent below the previous four-week average. Exports increased to Canada (1,830 mt, +15 percent), the Dominican Republic (220 mt, +65 percent) and Taiwan (200 mt, +32 percent), but decreased to most other major destinations including Mexico (6,140 mt, -3 percent), Japan (3,580 mt, -8 percent), South Korea (1,930 mt, -23 percent), China (1,100 mt, -18 percent), Hong Kong (470 mt, -33 percent), Colombia (400 mt, -13 percent) and Australia (230 mt, -55 percent).

Pork net sales were 14,300 mt, up 59 percent from the previous week and 3 percent above the previous four-week average. Increased sales to Mexico (7,000 mt, +219 percent and the largest since September), Australia (1,210 mt, +7 percent) and Hong Kong (850 mt, +4 percent) outweighed lower sales to Japan (3,420 mt, -20 percent), China (760 mt, -33 percent), Canada (520 mt, -53 percent), Colombia (240 mt, -48 percent), Korea (190 mt, -83 percent) and the Dominican Republic (20 mt, -90 percent) and corrections that resulted in negative net sales for the Philippines (-200 mt) and Taiwan (-6 mt). Net sales for 2016 delivery were reported for Mexico (6,200 mt), Australia (2,400 mt), China (800 mt) and Guatemala (500 mt).

For the week of Nov. 13-19, pork exports totaled 19,950 mt, up 6 percent from the previous week and 7 percent above the previous four-week average, led by larger volumes for Mexico (6,370 mt, +1 percent), Japan (4,170 mt, +11 percent), Korea (2,780 mt, +24 percent), Canada (1,930 mt, +31 percent), Hong Kong (770 mt, +14 percent) and the Philippines (500 mt, +126 percent). Exports were lower for China (1,190 mt, -31 percent), Colombia (460 mt, -4 percent), Australia (410 mt, -25 percent) and Taiwan (29 mt, -84 percent).

Pork net sales were 8,980 mt, down 57 percent from the previous week and 45 percent below the previous four-week average. Sales slowed to all major destinations except Canada (1,290 mt, + 30 percent), as Japan (3,080 mt, -33 percent), Mexico (1,810 mt, -47 percent), Hong Kong (700 mt, -5 percent), Australia (590 mt, -41 percent), Korea (410 mt, -82 percent) and Colombia (260 mt, -39 percent) were all lower. Corrections resulted in negative net sales for China (-220 mt), the Philippines (-210 mt) and Taiwan (-3 mt). Net sales for 2016 delivery were reported for China (1,400 mt) and Korea (200 mt).

BeefENS

Beef exports for the week of Nov. 20-26 totaled 11,200 mt, down 9 percent from the previous week and 10 percent below the previous four-week average. Exports increased to Japan (3,200 mt, +16 percent) and Mexico (1,700 mt, +5 percent) but decreased to Hong Kong (2,300 mt, -20 percent), Korea (1,900 mt, -26 percent), Canada (1,100 mt, -9 percent) and Taiwan (530 mt, -19 percent).

Beef net sales were 5,300 mt, down 47 percent from the previous week and 35 percent below the previous four-week average. Increased sales to Canada (1,100 mt, +35 percent) and Hong Kong (500 mt, +67 percent) were more than offset by slower sales to South Korea (1,400 mt, -33 percent), Mexico (1,200 mt, -32 percent), Taiwan (500 mt, -35 percent) and Japan (370 mt, -82 percent). Net sales for 2016 delivery were reported for Japan (1,400 mt) and Hong Kong (600 mt).

Beef exports for the week of Nov. 13-19 totaled 12,300 mt, up 1 percent from the previous week but 1 percent below the previous four-week average. Exports increased to Hong Kong (2,940 mt, +5 percent), Canada (1,200 mt, +9 percent) and Taiwan (690 mt, +13 percent) but decreased to Japan (2,660 mt, -7 percent), Korea (2,300 mt, -11 percent) and Mexico (1,600 mt, -2 percent).

Beef net sales were 10,200 mt, down 13 percent from the previous week but 74 percent above the previous four-week average. Increases to Korea (3,460 mt, +81 percent) and Hong Kong (2,600 mt, +141 percent from the previous two weeks of positive sales, which followed two weeks of corrections) outweighed slower sales to Mexico (1,100 mt, -35 percent), Japan (840 mt, -36 percent), Canada (820 mt, -14 percent) and Taiwan (460 mt, -37 percent). Net sales for 2016 delivery were reported for Korea (400 mt) and Chile (100 mt), but these were more than offset by corrections for Hong Kong (-2,200 mt) and Taiwan (-100 mt).

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.