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The Mexican peso weakened to about 17.3 per USD in mid-May as energy-driven inflation fueled expectations of Fed rate hikes. Mexico's Q1 GDP was revised to a 0.6% quarter-on-quarter contraction, and Moody's downgraded Mexico's sovereign rating to Baa3.
Peso weakness and a stronger dollar shift the cost of US feed imports for Mexican buyers, while the sovereign downgrade and weak growth add macro pressure on domestic feed demand.
tradingeconomics.comIsabela CoutoMay 15, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
