Mexican demand for US beef climbs in 2024 - USMEF
Exports increased 10% year-over-year to 232,488 mt
14 February 2025
1 minute read
By: Mexico’s demand for US beef was outstanding in 2024, according to year-end data released by USDA and compiled by the US Meat Export Federation (USMEF).
Exports increased 10% year-over-year to 232,488 mt, valued at $1.35 billion – up 13% and the highest since 2009.
While a rapid start to the year was attributed in part to the strong peso, shipments held up well in the second half, even as the peso weakened by about 20% versus the dollar.
Brazil emerged as the second-largest beef supplier to Mexico (surpassing Canada and Nicaragua) with shipments of 46,000 mt, benefiting from duty-free access, as noted in the pork section.
This again illustrates that it is imperative to maintain duty-free access for US beef in Mexico and other markets covered by trade agreements.
