Pork imports to stay flat, beef imports to get well
8 August 2023
1 minute learn
Mexico’s red meat and beef manufacturing in 2024 is forecast to extend because of more potent manufacturer returns from decrease feed costs, in addition to larger home and global call for, in line with a contemporary US Division of Agriculture (USDA) International Agricultural Knowledge Community (GAIN) document.
Pork imports are forecast to stay flat because of enough shares, whilst beef imports are forecast to get well after falling in 2023.
Exports are forecast to extend because of upper manufacturing and international call for in 2024, albeit modestly.
In 2023, much less increased grain costs, a record-level appreciation of the Mexican peso, and in most cases beneficial climate stipulations in farm animals manufacturing spaces are forecast to spur Mexico’s red meat and beef manufacturing.
Manufacturer enter prices are anticipated to say no along side the more potent peso. Nonetheless, the robust peso will most probably offset any export will increase stemming from upper manufacturing, in addition to build up pageant from imports in 2023.
As inflation in Mexico moderates, beef and red meat intake is forecast to extend reasonably in each 2023 and 2024.