ANALYSIS: The Peso's Influence on US-Mexico Pork Trade in 2023
The combination of economic growth, political stability, and favorable interest rate differentials have contributed to the strength of the Mexican Peso in 2023. The Urner Barry Pork Hams for Export to Mexico 23/27, have been deeply affected by the ever-changing exchange rates between the US dollar and the peso.
A side-by-side analysis of the two bone-in ham charts, priced in USD and Pesos, highlights a significant difference. While hams priced in USD are more in line with 2022 rates, bone-in hams bought with...
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