date:Dec 13, 2012
rply.
While Canada is a relatively small market for US corn, Mexico is the number 2 destination, accounting for about 26 per cent of US corn shipments in 2011-12. US corn shipments to Mexico in the last marketing year amounted to almost 400 million bushels.
But, significant liquidation of the beef cow herd and reductions in cattle feeding have limited Mexican demand for US corn. Also, sharply higher meat protein prices in Mexico have further rationed out demand for pork and chicken, forcing c