ANALYSIS: Mexican Domestic Prices Outperforming Exports
In recent weeks, the Mexican domestic market has exhibited a consistent firmness in its prices. As a result of decreased production and an uptick in cattle prices. Domestic market quotes have managed to maintain levels above the Mexican export market. This has prompted sellers to adopt a more analytical approach when exporting materials to the United States.
We began to see this divergence in the beginning of the year due to exchange rates playing a more significant role. However, the increased demand in the domestic market became an additional factor driving up Mexican prices...
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