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ANALYSIS: Factors Influencing Mexican Ribeye Export Levels
The Mexican market has recorded its lowest export levels to the US in the last five years during 2024, primarily due to the strength of the peso in the exchange rate and increased demand in the Mexican domestic market. Despite this, the limited availability of materials in the USA has sustained interest in Mexican ribeyes.
Throughout the year, export price trends have mirrored those in the US market, particularly with select-type materials. Notably, this cut has shown remarkable price stability, maintaining consistent demand and demonstrating robust performance in the first quarter of...
Analysis: Dollar to Peso Currency Conversion Impact on the U.S. Pork Bone-In Ham Market
Following the Easter holiday and into early April, the US 23/27 bone-in ham market displayed a fully steady to firm tone, with the majority of buying interest coming from the Mexican market. The Urner Barry weekly average price for bone-in hams for the week of April 8th, 2024 was the second highest on record for the month of April, dating back to 1981. This price was only exceeded during the 2014 Porcine Epidemic Diarrhea Virus (PEDv) outbreak, reflecting the tight supply...
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