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The El Nino weather phenomenon that led to dry conditions throughout 2015 and 2016 has ended.
Grain production is expected to return to average levels in marketing year (MY) 2017/18, given normal weather after higher wheat and corn production and lower sorghum production in MY 2016/17.
The livestock and red meat industry in Mexico continues to grow. Cattle herd rebuilding is being slowly realized, while live cattle exports (primarily to the United States), have leveled off.
On March 1, 2017, the Secretariat of Economy (SE) published in Mexico’s Federal Register (“Diario Oficial” – DOF) an agreement establishing the specific provisions governing the unilateral...