Mexico: Livestock and Products Semi-annual

In 2023, Mexico’s beef production is forecast to slightly increase, but faces slower consumption growth on a year-to-year basis as food inflation soars. As herd numbers increase, overall cattle slaughter is expected to rise. Carcass weights are expected to marginally decrease in 2023 and are offset by larger slaughter numbers of slightly younger animals. Mexico’s 2023 pork production is forecast to increase by 4.6 percent due to continued private sector investment. While pork imports are forecast 2.7 percent lower, Mexico is expected to maintain a strong volume of imports to satisfy domestic demand.