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A Cow-Calf Corner column cites USDA Foreign Agricultural Service data showing Mexico growing as a beef exporter, with over 80% of its exports going to the U.S. It also notes that Mexico was the second-largest source of U.S. beef imports in 2021 at a record 20.2% share. U.S. beef exports to Mexico fell 30% from 2018 to 2021.
Mexican beef supply to the U.S. and weaker U.S. exports to Mexico both affect the balance of U.S. beef supply and cattle demand. The effect is gradual rather than immediate.
extension.okstate.eduOct 17, 2022After 65 past neutral trade events, Live Cattle moved a median +0.3% over 5 sessions (57% higher; middle half -0.5% to +1.4%), and +2.5% over 20.
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.
