Mexico: Livestock and Products Semi-annual
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Mexico’s livestock production continues to grow due in large part to vertical integration of farms, as well as better biosecurity measures. In 2019, livestock exports achieved a new record, with the United States as main trading partner. This trend is expected to continue through 2020, as steady feed prices and favorable zoo-sanitary conditions prevail. Beef exports are also expected to continue growing, especially to Asian markets where high-labor, added-value meat products command a price premium. The domestic pork industry also continues to grow, as consumers lean towards more affordable animal proteins. Mexico depends heavily on pork imports to satisfy its growing demand and the United States remains its principal supplier. As China continues to demand larger amounts of pork, Mexico has been able to start growing its pork exporting capacity to China.
