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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...