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A Dallas Fed analysis finds Mexico's economy showed mixed signals at the end of 2023, with Q3 GDP up 3.6% quarter over quarter and formal employment growth sluggish. Consensus expects 2023 growth above 3%, while inflation ticked up to 4.7% year over year in December.
Mexico is a major importer of US feed grains and meal, so domestic demand and inflation shape feed demand. The report describes the economic backdrop and does not point to a specific price move.
dallasfed.orgJesus Cañas, Diego Morales-BurnettJan 19, 2024Not 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.
