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ANALYSIS: 2024 Mexican Beef Export Dynamics
The Mexican beef export market throughout 2024 reflected the complex interplay of macroeconomic factors and trade dynamics, resulting in significant shifts in export patterns and market behavior.
Currency movements played a pivotal role in shaping market dynamics, particularly during the first half of the year when the Mexican peso showed unprecedented strength, reaching MXN 16.43 per USD, a level not observed since 2015. This currency appreciation created challenging conditions for export operations, as it effectively reduced the competitive advantage of Mexican beef in international markets.
The market landscape underwent a substantial...
ANALYSIS: Impact of the USDA Suspension on Mexico-US Cattle Trade
Mexico, as a key beef exporter to the United States (US) market, faces a commercial landscape influenced by multiple factors, including fluctuations in the peso-dollar exchange rate, domestic market conditions, and international sanitary regulations.
During the first half of 2024, the strengthening of the peso against the dollar reduced the competitiveness of Mexican exports, as domestic market prices surpassed those available in the US market. However, in the second half of the year, the strengthening of the dollar boosted exports by offering better returns for producers...
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