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U.S. Pork Exports Trend Higher in Otherwise Slow Week

Weekly-Pork-Exports

U.S. pork exports for the week of Dec. 4-10 totaled 20,100 metric tons (mt), up 11 percent from the previous week and 9 percent above the previous four-week average. Increased exports to Mexico (7,170 mt, +12 percent and the largest since July), South Korea (2,930 mt, +19 percent and the largest since June), Canada (1,770 mt, +10 percent), China (1,190 mt, +2 percent), Hong Kong (1,090 mt, +56 percent and the largest since June), Panama (600 mt, +462 percent and the largest this year), Colombia (450 mt, +14 percent), Australia (440 mt, +3 percent) and Taiwan (330 mt, +101 percent) more than offset lower exports to Japan (3,320 mt, -15 percent).

Pork net sales were 4,200 mt, down 29 percent from the previous week and 66 percent below the previous four-week average. Sales increased to Hong Kong (560 mt, +3 percent) and Colombia (430 mt, +1,571 percent following a week of corrections), but declined for Mexico (1,380 mt, -58 percent), Japan (790 mt, -79 percent and the lowest this year), Korea (610 mt, -29 percent), Canada (460 mt, -63 percent), Taiwan (40 mt, -67 percent) and Panama (3 mt, -98 percent), and corrections resulted in negative net sales for China (-720 mt) and Australia (-16 mt). Net sales for 2016 delivery were reported for Mexico (1,900 mt), China (900 mt), Canada (600 mt), Korea (500 mt) and Colombia (400 mt).

Weekly-Beef-Exports

U.S. beef exports totaled 9,000 mt, down 30 percent from the previous week and 26 percent below the previous four-week average. Exports increased to Taiwan (810 mt, +20 percent) but declined for other major destinations, including Hong Kong (2,520 mt, -8 percent), Japan (2,040 mt, -29 percent and the lowest since January), Korea (1,490 mt, -37 percent and the lowest since September), Mexico (1,070 mt, -39 percent and the lowest since March) and Canada (650 mt, -43 percent and the lowest this year).

Beef net sales were 6,000 mt, down 20 percent from the previous week and 30 percent below the previous four-week average. Increases to Japan (3,000 mt, +66 percent) and Mexico (1,620 mt, +13 percent) were outweighed by slower sales to Canada (530 mt, -40 percent), Korea (420 mt, -82 percent), Taiwan (220 mt, -43 percent) and Hong Kong (40 mt, -97 percent). Net sales for 2016 delivery were reported for Korea (1,500 mt), Hong Kong (500 mt), Mexico (100 mt) and Taiwan (100 mt), but were more than offset by corrections for Japan (-4,100 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.