International Meat Review: Mexico Largest Market For U.S. Beef
On December 14, the USDA Foreign Agricultural Service (FAS) published October 2005 U.S. red meat export figures. According to the data, during October, U.S. exports of beef and veal cuts and beef variety meats totaled 41,920 MT. This was 33.7 percent higher than the previous month and was 27.5 percent higher than October 2004. More specifically, exports of fresh, chilled beef equaled 14,599 MT and exports of frozen beef equaled 2,092 MT.
During October, U.S. beef variety meat exports rose 33.1 percent over September and 52.4 percent over October 2004 to 23,332 MT. Total year-to-date beef variety meat exports were 52.4 percent greater than the same period a year ago, equaling 205,447 MT. U.S. beef exports to Mexico during October increased 23.3 percent over the previous month to 23,016 MT.
Year-to-date exports to Mexico equaled 221,535 MT, 52.0 percent above last year. Accordingly, Mexico was the largest market for U.S. beef with 59.2 percent of the total exports. During October, the U.S. exported 6,133 MT of beef to Canada, which was up 66.7 percent over September. Total year-to-date beef exports to Canada were 129.7 percent more than a year ago, amounting to 36,732 MT. U.S. beef exports to Egypt rose 108.9 percent over the previous month to 5,275 MT. Year-to-date exports to Egypt totaled 19,963 MT, compared to 29 MT a year ago.
More: cattlenetwork.com
International Meat Review: Beef Exports Higher, Mexico Main Market
The USDA Foreign Agricultural Service (FAS) recently issued U.S. red meat export and import statistics for August 2005. According to the numbers, during August, U.S. exports of beef and veal cuts and beef variety meats equaled 41,516 MT. This was 7.9 percent higher than July and was 22.7 percent higher than August 2004. More specifically, exports of fresh, chilled beef totaled 12,437 MT, while exports of frozen beef totaled 3,030 MT. Beef variety meat exports during August rose 13.7 percent over July and 31.7 percent over August 2004 to 24,104 MT.
Mexico's Industrial Output Probably Rose 2% in September
Mexico's industrial production probably rose 2 percent in September, the latest evidence that the expansion in Latin America's second-biggest economy is sputtering as export growth to the U.S. slows.
Output growth of 2 percent -- the median estimate of 15 economists surveyed by Bloomberg -- would be down from 2.1 percent in August. It would also mark the fifth straight month in which production growth failed to reach 3 percent. Mexico had average monthly output growth of 3.8 percent last year.
``This economy is not robust,'' Gray Newman, chief Latin American economist at
Mexico not to beef up border patrol on frontier with U.S.: spokesman
Mexico would not beef up its border patrols or boost security on its northern frontier with the United States despite U.S. security escalation on its side to combat illegal immigration, a Mexican government spokesman said Monday.
There are no plans for a Mexican border patrol, spokesman Ruben Aguilar told media. It would be absurd given the way the Mexican government looks at the (immigration) phenomenon.
More than 50 U.S. National Guard troops that arrived Monday are the first batch of 6,000 soldiers to be dispatched to the border this
Pulte Homes sells Mexico operations
Pulte Homes has sold its Mexico home-building business to a group of investors in a move toward curtailing its international operations to focus more on the U.S. market, the home builder said today.
The group of investors is led by affiliates of Walton Street Capital, a Chicago based real estate investment company, and advised by Banc of America Securities and Hipotecaria Su Casita, Mexico's largest independent Sofol. Financial terms of the transaction were not released.
"As previously announced, we have been evaluating long-term strategic alternatives with regard to all of Pulte's international operations," said Roger A. Cregg, executive
Stuffed Hass Avocado From Mexico & Crab Meat Salad Is The Perfect Fall Dish (Recipe)
This fall season, whether one is
already back to school, or back to work, one thing is for sure -- time is more
scarce, yet it's as important as ever to eat well, eat healthy, and of course
eat delicious.
Smooth and creamy Hass avocados are versatile and easy-to-work with -- why
just look at Guacamole, one of the nation's favorite dips. With just a few
more ingredients and preparation, turning out a mouth watering Stuffed Hass
Avocado and Crab Meat salad is as easy as can be according to celebrity Chef
David Burke.
National Pork Board to meet in Mexico City
Members of the National Pork Board will get a first-hand look at one of the fastest-growing markets for U.S. Pork when they travel to Mexico Jan. 8-11 for their first meeting of 2006. Board members will meet with trade officials and tour retail and traditional wet markets in Mexico City to get a better understanding of opportunities for U.S. producers.
Exports of U.S. Pork to Mexico in 2004 grew 65 percent by volume and 92 percent in value from 2003. Mexico was one of the key markets enabling U.S. Pork exports to set
UPDATE 1-Mexico's central bank holds monetary policy steady
Mexico's central bank held monetary policy steady on Friday, pausing in its current loosening cycle as expected, despite record low inflation and a weak economy.
The central bank said in its twice-monthly policy review it was keeping its money market "short" steady at 79 million pesos a day. The short is one of the Banco de Mexico's main monetary policy tools.
A decrease in the short increases overnight lending to banks and tends to push interest rates lower, which encourages borrowing to stimulate economic growth.
At its last policy review on Aug. 26, Mexico's central
Mexico Bonds May Extend Rally as Oil Prices Gain, Rating Rises
Mexico's U.S. dollar-denominated bonds may extend a 3 1/2-month rally as the country benefits from record oil prices and improving credit quality.
``We're more optimistic on Mexico relative to the market as a whole,'' said Christian Stracke, an emerging-market debt strategist at New York-based CreditSights Inc. ``The emerging- markets sector as a whole is overbought and we've seen it starting to pull back a bit. As the market pulls back, safer credits like Mexico tend to outperform.''
Record oil prices helped Mexico, the world's fifth-largest oil producer, boost international reserves
Mexico hires biometrics companies to beef up prison security
The Mexican government has purchased $400,000 worth of biometrics systems, including fingerprint-, iris- and face-recognition technology, San Diego-based ImageWare announced Wednesday.
The purchase is designed to increase security at Mexican prisons, according to a December release by another biometrics company involved in the project, Australia's Argus Solutions.
Mexico has been working to increase security and fight corruption at its prisons, where drug lords manage to run their cartels and many top criminals have staged successful escapes.
The new technology will allow the Mexican government to control access to secure areas, ImageWare said in a news
Bradesco, Petrobras, Grupo Mexico, Geo: Latin Equity Preview
Mexico's largest homebuilder by market value is the best performer in the country's benchmark stock index this year to date, with a 66 percent gain. The shares fell 10 centavos, or 0.3 percent, to 36.90 pesos yesterday.
America Movil SA (AMXL MM): Latin America's largest mobile- phone company have gained 63 percent this year, the second-best performance on the Mexican stock index after Geo. The shares fell 3 centavos, or 0.2 percent, to 15.86 pesos yesterday.
Grupo Mexico SA (GMEXICOB MM): Copper, Grupo Mexico's main product, rose to a record 41,970 yuan
