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ANALYSIS: Mexican Beef Imports and Exports Overview
During 2024, the Mexican beef market experienced its lowest levels of exports to the United States in the past three years. This was a consequence of the strengthening of the Mexican peso against the U.S. dollar, which began at the end of 2022 and continued to strengthen throughout 2023 and the first two quarters of 2024. This led to a widespread pattern where bids from U.S. buyers were simply unattractive to Mexican sellers, who preferred to place their product in the domestic market, which offered higher figures...
ANALYSIS: January Chicken Exports Off to a Strong Start
Although it may not be immediately evident based solely on the data, chicken export movement kicked off the year with quite a bang. Despite a 3.4%, or 21.6 million pound, year-over-year (YoY) reduction in total outward tonnage, January’s closing tally of 608.7 million pounds, was enough to position seasonal export figures at the third highest level realized in three decades.
Much like the annual comparisons, the month-over-month (MoM) figures also brought with them a modest reduction of 3.4%, or 21.6 million pounds...
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