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The Mexican peso weakened past 17.2 per US dollar, easing from mid-2024 highs. The decline followed a new 15% US global import surcharge under Section 122 after a February 20 Supreme Court ruling, and January data showed a net loss of 8,100 formal jobs.
A weaker peso lowers the cost of Mexican-origin feed and meat exports in dollar terms, and trade surcharges add uncertainty to US-Mexico feed and protein flows. Currency and tariff effects can shift Mexican feed import pricing.
Not 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.