Beef exports for the week of Nov. 29-Dec. 5 totaled 14,100 mt, up 8 percent from the previous four-week average. Exports were primarily to Hong Kong (3,000 mt, -2 percent), Mexico (2,900 mt, +22 percent and the largest this year), Japan (2,900 mt, +4 percent), South Korea (2,500 mt, +27 percent), Canada (1,700 mt, +23 percent), and Taiwan (670 mt, +15 percent). Hong Kong has been the largest destination for U.S. beef in four of the past six weeks.
Net sales (for 2013 delivery) totaled 10,100 mt, down 18 percent from the previous four-week average (reflecting smaller sales to North America) but up 10 percent from a year ago. Net sales were mainly reported for Japan (2,800 mt, +12 percent), Hong Kong (2,200 mt, +16 percent), Mexico (1,600 mt, -46 percent), Canada (1,300 mt, -9 percent), Korea (1,100 mt, -59 percent) and Taiwan (440 mt, +40 percent). Net sales for 2014 delivery totaled 9,300 mt, including Japan (6,500 mt), Hong Kong (1,000 mt) and Korea (800 mt).
Exporters should note that weekly beef exports have been tracking below the reported monthly (Census Bureau) data, and the spread has widened since July. Weekly exports indicate chilled/frozen beef exports were down 6 percent for January-October compared to the same period last year, while monthly data show exports were up 4 percent during the same period. FAS Export Sales Reporting is looking into this discrepancy.
Pork exports totaled 12,700 mt, up 21 percent from the previous four-week average. Exports were primarily to Mexico (4,700 mt, +21 percent), Korea (1,900 mt, +77 percent), Japan (1,700 mt, +27 percent), Hong Kong (1,300 mt, +6 percent) and Canada (1,100 mt, +2 percent). Net sales (all for 2013 delivery) totaled 5,300 mt, down 40 percent from the previous four-week average. Net sales were mainly reported for Korea (1,300 mt), Japan (1,200 mt), Mexico (800 mt), Canada (800 mt) and the United Kingdom (200 mt).
- Percent change is compared to the previous four-week average, unless otherwise indicated.
- Mandatory pork export sales reporting is still in its early stages and the data only represent 34 percent of chilled/frozen pork exports, so it is difficult to draw meaningful trends from the data.
- Weekly data only includes exports and sales of whole muscle cuts, reported by the exporters to USDA/FAS Export Sales Reporting.