News

Mexico average meat prices in January 2023

Meat
Mexico
Published Jan 11, 2023

Tridge summary

With prices averaging just over 40MXP/kg ($0.93USD/lb) in the last year, this price has rebounded above an average price of $45/kg ($1.05USD/lb) in the last six months. The national average pork price remains with very little change at $44.50 per kilo ($1.03USD/lb), however it moves above the prices registered in 2021 and 2020, with increases of 18.72% and 17.23%, respectively, showing maximum price peaks in Yucatan at $50.70/Kg ($1.18USD/lb) and minimums in Sonora at $36.04 ($0.84USD/lb).

Original content

With prices averaging just over 40MXP/kg ($0.93USD/lb) in the last year, this price has rebounded above an average price of $45/kg ($1.05USD/lb) in the last six months. The national average pork price remains with very little change at $44.50 per kilo ($1.03USD/lb), however it moves above the prices registered in 2021 and 2020, with increases of 18.72% and 17.23%, respectively, showing maximum price peaks in Yucatan at $50.70/Kg ($1.18USD/lb) and minimums in Sonora at $36.04 ($0.84USD/lb). Comparatively, the average price of pork in Mexico is 62.62% above the price paid in the US, while in the case of carcass the difference is 67.13%, offering more opportunities for the entry of American pork into Mexico. In Mexico, feed prices continue an upward trend, with weekly increases of 1% for corn and sorghum, while soybean meal decreases slightly by 2% weekly. Both corn and soybeans have experienced an annual variation of 11% in their prices. Transgenic corn for animal consumption will ...
Source: Thepigsite
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