Genesus, a world leader in the production of highly productive pig livestock, has assessed the status and forecast of the development of the pig market in Mexico.
Given the growing consumer demand, feed price stability and efforts to modernize the Mexican industry, pork production in Mexico is projected at 1.36 million tons in 2019.
For 2019, the forecast for pork consumption has been increased to 2.4 million tons; low prices and consumer preferences will keep the demand for this meat.Pork imports for 2019 are projected at 1.25 million. However, Mexico shows strong demand for American ham and in 2017 set a record for pork and pork meat exports for the sixth consecutive year, exceeding 1.7 billion pounds (an increase of 10% compared to the same period last year).
Mexican pork exports are expected to grow in 2019 and are estimated at 205,000 tons. Japan is the main destination for nearly 75 percent of Mexican pork exports, with Mexico shipped nearly 90 tons of fresh, chilled and frozen pork to Japan between January and November 2018.
Mexico also sent significant volumes of pork to the United States (13.8 tons) and South Korea (13.1 million tons), as well as a marked increase in exports to China and Chile over the same period.
Domestic prices. During the last quarter in Mexico, there were no significant changes in market prices for pigs compared to other countries, which was the result of the ASF pandemonium in China.
The price has remained relatively stable, but it is expected that in the coming weeks it will begin to grow. The average annual price is 27.48 million pesos / kg (65 ₡ / lb) of live weight compared to 29.13 pesos (2018) (69 ₡ / lb).
