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U.S. Exports Edge Higher; Net Sales Rebound

Weekly-USBeef-Exports

U.S. beef exports for the week of Aug. 21-27 totaled 10,800 metric tons (mt), up 4 percent from the previous week and up 5 percent from the previous four-week average. Increased exports to Japan (3,800 mt, +15 percent) and Hong Kong (1,500 mt, +90 percent) outweighed lower volumes to other primary destinations, including South Korea (2,100 mt, -5 percent), Mexico (1,200 mt, -16 percent), Canada (970 mt, -12 percent) and Taiwan (650 mt, -19 percent).

Beef net sales were 13,100 mt, up 3 percent from the previous week and 34 percent above the previous four-week average. Increases were reported for nearly all primary destinations, including Hong Kong (3,400 mt, +70 percent), Korea (2,500 mt, +33 percent), Mexico (1,600 mt, +74 percent), Canada (1,300 mt, +66 percent) and Taiwan (1,110 mt, +132 percent), which more than offset slower sales to Japan (2,500 mt, -22 percent).

Weekly-USPork-Exports

U.S. pork exports totaled 17,700 mt, up 9 percent from the previous week and up 8 percent from the previous four-week average. Increases were reported for China (1,200 mt, +332 percent and exceeding 1,000 mt for the first time since July), the Philippines (570 mt, +84 percent) and Taiwan (500 mt, +10 percent), while volumes decreased to Mexico (6,600 mt, -1 percent), Japan (3,700 mt, -2 percent), Canada (1,600 mt, -1 percent), Korea (800 mt, -19 percent), Colombia (500 mt, -4 percent) and Hong Kong (240 MT, -11 percent).

Pork net sales rebounded to 26,600 mt, up 64 percent from the previous week and 57 percent above the previous four-week average. Significant increases were reported for Mexico (13,400 mt, +122 percent), Japan (5,200 mt, +24 percent), Korea (2,300 mt, +101 percent), Hong Kong (1,500 mt, +172 percent), Australia (900 mt, +180 percent), Colombia (670 mt, +10 percent) and Taiwan (560 mt, +177 percent). Sales slowed to Canada (600 mt, -58 percent), China (50 mt, -94 percent) and the Philippines (400 mt, -33 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.