The value of Mexican livestock production rises by almost 20%

Published Nov 23, 2022

Tridge summary

The Mexican livestock sector has seen a 2.4% year-on-year growth, producing 18 million tons of animal protein in the first nine months of 2022. The production value increased by 19.7% from the previous year, reaching 19,949 million dollars. Despite a 1% decrease in imports and a 9% drop in exports, both foreign sales and international purchases saw price increases of 1.6% and 13.2% respectively. The consulting group GCMA predicts a 2.5% increase in animal protein production by the end of the year, while consumption is expected to surpass the national supply by requiring 29.3 mt., leading to an increase in imports by 1%.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

During the first nine months of 2022, the Mexican livestock sector generated 18 million tons of animal protein, this taking into account pork, bovine, and poultry meat, as well as eggs for dishes and milk; the figure indicated a year-on-year growth of 2.4%. According to the Consulting Group of Agricultural Markets (GCMA), the value of national production was located at 19,949 million dollars, reflecting an increase of 19.7% compared to the same period last year. YOU MAY BE INTERESTED: 24 million tons, the total livestock production in 2021 Consumption rises 2%, imports fall 1% and exports drop something close to 9% Regarding apparent consumption, the volume amounted to 21.7 mt., with an increase of 2%, however, imports experienced a contraction in the order of 1%, up to 4.2 mt. Mexican exports followed the same downward trend, with a drop of 8.5% compared to the first nine months of 2021, this means that 518,000 tons of livestock products were sold. Despite the falls in terms of ...

Source: Ganaderia