Pork exports for the week of Nov. 24-30 were the largest since April at 24,800 mt, up 14 percent from the previous week and 6 percent above the previous four-week average. Exports were higher to Mexico (9,640 mt, +11 percent and the largest since December 2016), Japan (4,890 mt, +20 percent and the largest since June 2015), Canada (1,820 mt, +17 percent), Hong Kong (1,190 mt, +7 percent), Australia (950 mt, +8 percent), the Dominican Republic (370 mt, +52 percent and the largest since June), Honduras (290 mt, +39 percent and the largest since January) and Taiwan (230 mt, +91 percent). Exports were lower to South Korea (3,570 mt, -4 percent), Colombia (680 mt, -40 percent), China (260 mt, -54 percent) and the Philippines (260 mt, -8 percent).
Pork net sales were 22,600 mt, up 47 percent from the previous week and 72 percent above the previous four-week average. Significantly higher sales to Mexico (14,410 mt, +279 percent and the largest since September), Canada (2,070 mt, +93 percent), Korea (1,820 mt, +64 percent) and Hong Kong (940 mt, +704 percent) outweighed slower sales to Japan (2,480 mt, -41 percent), Colombia (370 mt, -33 percent), Australia (240 mt, -54 percent), Honduras (80 mt, -56 percent), China (80 mt, -67 percent) and the Dominican Republic (3 mt, -97 percent) and corrections that resulted in negative net sales to the Philippines (-50 mt) and Taiwan (-1 mt). For 2018, net sales of 7,500 mt were reported primarily for Mexico (3,800 mt), Korea (2,300 mt) and the Philippines (1,000 mt).
Beef exports were 16,400 mt, up 15 percent from the previous week and 6 percent above the previous four-week average. Exports were higher to Japan (4,750 mt, +8 percent), Hong Kong (3,010 mt, +5 percent), Mexico (2,010 mt, +13 percent), Canada (1,320 mt, +34 percent), Taiwan (1,170 mt, +20 percent) and China (190 mt, +70 percent and the highest since the market opened this summer). Exports slowed to Korea (3,090 mt, -18 percent).
Beef net sales were just 2,700 mt, down 81 percent from the previous week and 78 percent below the previous four-week average, but this is due in part to corrections and more sales shifting into 2018 (see below). Higher 2017 sales to Canada (1,310 mt, +75 percent), Taiwan (1,030 mt, +62 percent) and China (180 mt, +68 percent) were outweighed by slower sales to Japan (1,680 mt, -61 percent) and Mexico (1,120 mt, -35 percent) and corrections that resulted in negative net sales for Korea (-2,700 mt) and Hong Kong (-710 mt). For 2018, net sales of 11,300 mt were reported primarily for Korea (5,700 mt), Japan (2,200 mt) and Hong Kong (2,100 mt).
  • 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. 

Original article USMEF

Pork Exports, Sales End November on Strong Note; Beef Exports also Higher