USDA/FAS predicts that U.S. poultry exports to Mexico will continue to grow despite that country’s lackluster GDP growth. Mexican poultry production will increase this year due to falling feed costs, but U.S. poultry exports to Mexico will grow by 5 percent in 2023, reaching 1 MMT. Mexico’s trend toward importing U.S. poultry products will accelerate if Mexico City goes ahead with its proposed ban on GM corn from the U.S. This is because Mexico’s poultry price is highly correlated to U.S. corn prices. FAO data shows Mexican corn prices about 15 percent higher than U.S. corn prices, but that is with an unrestricted border. Mexico’s feed costs will rise substantially under a GM corn ban, and therefore so will its lives...
From WPI Consulting
Forecasting developments in production agriculture
On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.