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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...

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Jan 31 8:08 AM, Expana



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...

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Sep 25 8:07 AM, Expana







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