ANALYSIS: Exchange Rate Dynamics in Mexico’s Beef Industry

The exchange rate has been one of the main topics of conversation throughout 2024 in Mexico's beef industry, due to its significant impact on imports and exports. In both directions, it serves as an incentive to achieve higher returns from the purchase or sale of materials. 

Over the past 10 years, this influence has been particularly evident; as the peso strengthens against the dollar, exports tend to decrease, and vice versa. However, 2024 has presented a significant challenge. The volatility of the exchange rate, driven by both international and local factors...

ANALYSIS: 1H 2024 in Review, Australia’s Beef Industry Navigates Surge in US Exports 

For a relatively small, cattle producing country, Australian beef is heavily traded. In fact, it's on the podium for one of the world's most traded this year. Australia's beef industry in the first half of 2024 has navigated a dynamic landscape reshaped by global market shifts and regional challenges. This period has been marked by significant export expansions to the world’s largest beef market, the US. Despite facing challenges in Asian markets due to evolving consumer demand dynamics, Australia continued to position...

ANAlYSIS: Brazilian Beef Exports Reach Record Highs in H1 2024 Amid Currency Depreciation

Brazilian beef exports reached unprecedented volume in the first half of 2024, totaling 1,139,166 metric tons (MT), a substantial 29.1% increase from the 882,197 MT exported during the same period last year. Just in June, export figures hit 192,567 MT, reflecting a 9.2% decrease from May's 211,976 MT and nearly similar to the same period last year’s 192,688 MT, reflecting only a 0.1% drop.

China remains the top destination for Brazilian beef, absorbing nearly half of the total volume shipped in H1 2024...