Genesus Global Market Report: Mexico, September 2021
Pork prices in Mexico soared at record highs during the first half of the year (62% higher year over year) helping producers offset high input costs. Hog prices are expected to plateau in 2022 after record price volatility in 2020/2021, according to Rabobank. Both, production growth and market price, however, have temporarily slowed with an expected rebound in the fourth quarter.