Genesus global market report for Mexican pork in February 2023

Mexican liveweight national average price remains down 1.35% weekly, while the price of carcass meat does not present weekly changes, with a price of $56.24 per kilo ($1.38/lb). Current national average price is $40.34 ($0.99/lb), slightly below the annual price average. Last Year Prices (Feb 2022 – Feb 2023) Minimum $28.40 ($0.70/lb) Maximum $51.70 ($1.27/lb) Last year average $41.75 ($1.03/lb) While the average price of pork at the farm in Mexico is 70.81% above the price paid in the US, the difference for carcass meat is 77.92%, compared to its neighbor to the north. With such a marked difference in prices between the United States and Mexico, this country will continue to be the main export market for American pork. According to the Grupo Consultor de Mercados Agrícolas (GCMA), between January and May Mexican pork exports amounted to 100,845 tons, a volume that represented a year-on-year decrease of 16.9%, its value contracted 10.3% to close at $402.1 million; this even though ...