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Expana's weekly poultry, eggs and dairy note reports USDA data showing US chicken imports from Mexico fell about 50% in March-April while US exports to Mexico rose about 10%, tied to the peso's strength. It also notes recent softer Mexican buyer demand and high retail turkey prices following the 2021-2023 wholesale peak.
A stronger peso pulls US chicken exports south, supporting US chicken demand and prices, while weaker Mexican demand would cap that support.
expanamarkets.comNick WoodJul 3, 2024Not enough comparable past events yet for a historical read.
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.
