Agricultural News
There's Reason to Be Optimistic About Recovery in Mexico for US Beef Exports
Thu, 09 Sep 2010 18:24:13 CDT
While Mexico is still the No. 1 destination for U.S. beef exports, it is the only major market that is trailing last year's results. A sluggish economy and weak peso have made Mexico a tough market in 2010, but in August, weekly beef sales data began to suggest signs of improvement.
In today's Beef Buzz, U.S. Meat Export Federation (USMEF) Regional Director Chad Russell, who is based in Mexico City, says Mexico's economy has been slow to rebound from the global financial crisis that initially took hold in late 2008. However, he sees some early indications of a strengthening economy and improvement in consumer confidence. Russell adds that while trade issues between the United States and Mexico have attracted a fair amount of media attention lately, the business environment in Mexico remains quite good for U.S. beef in terms of market access. However, USMEF and U.S. trade officials continue to seek access for beef from cattle thirty months of age and older, and access for still-prohibited items such as ground beef and sweetbreads.
The Beef Buzz is a regular feature heard on radio stations around the state on the Radio Oklahoma Network- but is also a regular audio feature found on this website as well. Check out our archives for older Beef Buzz shows covering the gamut of the beef cattle industry today. Just click on the Beef Buzz button found on the left hand side of any page on this website.
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