Weekly Beef, Pork, & Corn Export Highlights...
This summary is based on reports from exporters for the period December 22-28, 2023.
Source: USDA
Beef:
Net sales of 9,500 MT for 2023 were up noticeably from the previous week and up 69 percent from the prior 4-week average. Increases primarily for China (3,200 MT, including decreases of 100 MT), Japan (2,200 MT, including decreases of 900 MT), Mexico (2,100 MT), Canada (900 MT), and South Korea (500 MT, including decreases of 1,100 MT), were offset by reductions for Indonesia (100 MT). Net sales of 7,100 MT for 2024 were primarily for Taiwan (2,600 MT), Japan (1,500 MT), Mexico (1,000 MT), South Korea (900 MT), and Hong Kong (300 MT).
Exports of 17,000 MT were up 29 percent from the previous week and 17 percent from the prior 4-week average. The destinations were primarily to South Korea (4,800 MT), Japan (3,300 MT), China (3,000 MT), Mexico (2,100 MT), and Canada (1,400 MT).
Pork:
Net sales of 17,800 MT for 2023 were down 25 percent from the previous week and 35 percent from the prior 4-week average. Increases primarily for South Korea (11,900 MT, including decreases of 400 MT), Mexico (2,700 MT, including decreases of 2,000 MT), Japan (1,800 MT, including decreases of 900 MT), Colombia (900 MT, including decreases of 100 MT), and the Dominican Republic (200 MT, including decreases of 100 MT), were offset by reductions primarily for Australia (200 MT) and Chile (100 MT). Net sales of 9,900 MT for 2024 primarily for Japan (4,000 MT), Mexico (3,100 MT), South Korea (2,500 MT), Malaysia (300 MT), and China (200 MT), were offset by reductions primarily for the Philippines (300 MT), Colombia (200 MT), Vietnam (100 MT), and Australia (100 MT).
Exports of 22,000 MT were down 24 percent from the previous week and 33 percent from the prior 4-week average. The destinations were primarily to Mexico (8,400 MT), South Korea (3,200 MT), Japan (2,500 MT), China (2,300 MT), and Colombia (1,400 MT).
Corn:
Net sales of 367,500 MT for 2023/2024--a marketing-year low--were down 70 percent from the previous week and from the prior 4-week average. Increases primarily for Mexico (171,100 MT, including 50,000 MT switched from unknown destinations and decreases of 113,600 MT), Colombia (165,300 MT, including 30,000 MT switched from unknown destinations and decreases of 7,800 MT), Japan (60,100 MT, including 51,600 MT switched from unknown destinations and decreases of 5,700 MT), Honduras (7,200 MT, including 7,500 MT switched from Guatemala and decreases of 500 MT), and the Dominican Republic (4,200 MT), were offset by reductions for Guatemala (24,000 MT), Nicaragua (12,100 MT), the French West Indies (6,100 MT), unknown destinations (1,600 MT), and Canada (100 MT). Net sales reductions 200 MT for 2024/2025 reported for Mexico (800 MT), were more than offset by reductions for Colombia (1,000 MT).
Exports of 681,500 MT were down 47 percent from the previous week and 33 percent from the prior 4-week average. The destinations were primarily to Mexico (263,400 MT), Japan (190,100 MT), Colombia (184,500 MT), Canada (22,000 MT), and Honduras (7,700 MT).
