U.S. beef exports to Mexico are off to a strong start in 2023, with shipments through February climbing 15% from a year ago in volume at just over 33,000 metric tons, and 13% higher in value at $186.3 million.
U.S. Meat Export Federation (USMEF) President and CEO, Dan Halstrom, says this is partly driven by the post-COVID recovery in Mexico’s restaurant and hospitality sectors, which is much further advanced than it was a year ago.
Halstrom added that in contrast to several other key trading partner currencies, the Mexican peso has strengthened in recent month’s verses the U.S. dollar, putting buyers from Mexico in a more favorable position to purchase U.S. beef cuts.
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