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Mexico's GDP contracted an annualized 1.7% in third quarter 2021, a downward revision from the initial estimate. Year-over-year growth in the monthly activity proxy slowed from 2.8% in September to 1.2% in November.
Consensus 2022 GDP growth is 3.0%, and inflation reached a 20-year high in November.
Weaker Mexican growth and a softer peso can dampen demand for imported feed and meat, with limited direct effect on global feed prices.
dallasfed.orgJesus Cañas, Juliette CoiaDec 31, 2021Not 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.
