Mexico is the third-largest pork importer in the world and traditionally the largest U.S. market for pork exports by volume. Over the past few years, shipments to this important market have faced headwinds. First, retaliatory tariffs related to Section 232 actions disadvantaged U.S. product. Then the coronavirus pandemic and a weak Mexican economy weighed on demand.
Post forecasts record Uruguayan beef exports at 490,000 tons carcass weight equivalent as a result of abundant beef supplies, strong foreign demand, and export limitations in several important competitors.
Since 2013, total meat consumption in Venezuela has declined 69.1 percent. However, a relatively better economic climate since 2019 has helped stabilized beef production and led to a significant recovery in chicken production.
On August 28, 2021, the Brazilian Ministry of Agriculture, Livestock, and Food Supply (MAPA) began accepting the new Export Certificate model for U.S. exports of beef, beef products, and bovine offal into Brazil.
Post forecasts that the cattle herd will grow four percent in 2021 and 2022, while beef production is forecast to decrease six percent in 2021, reaching 9.5 million tons Carcass Weight Equivalent (CWE), but increase two percent in 2022.