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U.S. Pork Net Sales Largest of 2015; Exports also Trend Higher

Weekly-US-Beef-Exports

U.S. beef exports for the week of Feb. 20-26 totaled 11,800 metric tons (mt), up 8 percent from the previous four-week average. Exports increased to Japan (3,300 mt, +33 percent) and Hong Kong (2,500 mt, +53 percent), offsetting slower shipments to South Korea (2,400 mt, -5 percent), Mexico (1,600 mt, -12 percent), Canada (800 mt, -17 percent) and Taiwan (500 mt, -12 percent).

Beef net sales totaled 8,600 mt, down 34 percent from the previous four-week average, with slower sales across the board: Japan (2,300 mt, -45 percent), Korea (1,900 mt, -16 percent), Mexico (1,700 mt, -4 percent), Hong Kong (1,400 mt, -45 percent), Canada (800 mt, -13 percent) and Taiwan (240 mt, -61 percent).

Pork exports totaled 17,900 mt, up 2 percent from the previous four-week average, destined primarily to Mexico (7,200 mt, +5 percent), Japan (3,200 mt, +15 percent), Korea (2,800 mt, -29 percent), Canada (1,400 mt, +7 percent), Australia (900 mt, +156 percent) and Colombia (750 mt, +44 percent).

Weekly-US-Beef-Sales

Pork net sales hit a marketing year high of 30,900 mt, up 63 percent from the previous four-week average. Significantly larger sales were reported for most major markets including Mexico (10,600 mt, +75 percent), Korea (7,200 mt, +223 percent), China (5,800 mt, +272 percent, following significant sales in two out of the past three weeks), Japan (4,900 mt, +16 percent) and Colombia (900 mt, +47 percent). Net sales were lower for Canada (800 mt, -25 percent) and negative sales (reflecting adjustments or cancellations) were reported for Hong Kong (-500 mt) and Australia (-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.