US beef exports to Mexico continue to climb

Published 2023년 5월 10일

Tridge summary

In March, Mexico continued to be a strong market for US beef exports, with a 17% increase to 17,454 mt, valued at $97.3 million, a 26% increase from the previous year. This contributed to a 16% rise in quarterly exports to 50,509 mt and a 17% increase in value to $283.6 million. The depreciation of the peso has made beef more affordable for Mexican consumers, leading to an increase in demand. During the first quarter, Mexico also became the largest market for US beef variety meat, with a 13% increase to 25,533 mt, valued at $72.6 million, due to the high demand for products such as livers, tripe, lips, hearts, and tongues. Notably, beef lip shipments were at their highest since 2017, with a 38% increase from the previous year.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Mexico continued to be a bright spot for US beef exports in March, with shipments up 17% from a year ago to 17,454 mt, valued at $97.3 million (up 26%), according to data released by USDA and compiled by USMEF. As a result, first quarter exports reached 50,509 mt, up 16% from a year ago, while value increased 17% to $283.6 million. One factor bolstering Mexico’s beef demand in 2023 is the strength of the peso, which has given Mexican customers greater purchasing power compared to buyers in several other key markets. Mexico is the largest volume destination for US beef variety meat, with first quarter exports increasing 13% from a year ago to 25,533 mt, valued at $72.6 million ...

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