Mexico: Livestock and Products Annual

  |   Attaché Report (GAIN)   |   MX2024-0039
In 2025, high domestic meat demand and lower prices of animal feed for both cattle and swine are expected to drive up overall cattle, beef, pig crop, and pork production. Despite relatively high inflation levels for food products, beef consumption is expected to grow as consumers shift purchases to more affordable meat cuts. Pork consumption is expected to increase driven by value-added and processed meat sales. A devalued Peso is expected to result in less beef imports and unchanged pork imports. While exports of beef and pork are expected to increase, live cattle exports are expected to decrease to more average levels after exceptional levels over the last two years.

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