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U.S. Beef Exports Steady; Pork Exports Edge Lower

WeeklyBeefExportsJune6-12,2014

U.S. Beef exports for the week of June 6-12 totaled 14,400 mt, which was steady with the previous week and up 1 percent from the previous four-week average. The primary destinations were Japan (4,000 mt, -10 percent), Hong Kong (2,600 mt, +1 percent), South Korea (2,300 mt, +17 percent), Canada (2,000 mt, +31 percent), Mexico (2,000 mt, +1 percent) and Taiwan (600 mt, +4 percent).

Net sales totaled 16,100 mt, up 33 percent from the previous four-week average (which included large downward adjustments in last week’s report). Results were led by robust sales for Hong Kong (4,500 mt, +83 percent). Sales were also higher for Japan (3,100 mt, +24 percent), Mexico (2,200 mt, +6 percent), Korea (2,100 mt, +5 percent) and Canada (1,600 mt, +13 percent), but slowed for Taiwan (280 mt, -71 percent) after two big weeks.

WeeklyBeefNetSalesJune6-12,2014.jpgU.S. pork exports totaled 9,800 mt, down 3 percent from the previous four-week average. Exports were mainly reported for Mexico (4,100 mt), Japan (1,600 mt), Canada (1,200 mt), Korea (600 mt) and Hong Kong (600 mt).Pork net sales of 6,500 mt were down 39 percent from the previous four-week average and were mainly reported for Mexico (2,400 mt), Canada (1,300 mt), Japan (900 mt), Korea (600 mt) and Hong Kong (300 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 cancelations or adjustments.