In Q1, U.S. pork exports to Mexico grew by 11 percent year-over-year according to the U.S. Meat Export Federation (USMEF). That’s despite U.S. exports hitting a record $2.6 billion in 2024. According to USMEF, pork consumption in the country has increased more than 50 percent over the last 15 years. More than half of the pork consumed in Mexico is imported, and the U.S. supplies more than 85 percent of those imports. In fact, March export data show that U.S. exports of pork, beef, and lamb all increased year-over-year.
Pork exports rose 3 percent to 269,344 MT, valued at $769.7 million. Demand was led by Mexico, Central America and a rebound in Colombia and South Korea. Beef reached its highest point since June 2023...
What You Need to Know Today: The cattle market rebounded sharply this week, with January feeder cattle futures gaining $16.98/cwt and February live cattle futures advancing $7.60/cwt since last Friday. Tyson Foods' plans to restore a second processing shift at its Amarillo, Texas, facili...
Tuesday’s CPI report from the Bureau of Labor Statistics (BLS) showed inflation roaring back stronger than expected in October. That probably locks in another rate hike – which was expected anyway – at the Federal Open Market Committee (FOMC) meeting in December. Consumer pric...
Key Takeaways: The rationale for farm programs has changed significantly from their original intentions. Farmers’ incomes have grown sharply and have surpassed non-farm incomes beginning in the 1970s. Current farm programs are complex and focus on supporting risk management, environmenta...
