Corn exports to Mexico outpacing last year
Corn exports to Mexico are outpacing a year ago.
U.S Grains Council senior director of global programs Cary Sifferath says it’s one of the major markets and is currently ahead of last year’s record pace.
“So we’re extremely happy to have our good customers to the South continue to buy.”
He tells Brownfield there have already been two flash sales involving Mexico this week.
“Where USDA puts out announcements when a single destination is buying over 100,000 tons of corn per-day.”
Sifferath says Mexico also purchased corn for the next marketing year as its livestock sector expands.
“That growing demand in the swine and poultry sectors, (and) we’ve been working very hard with some of the major players on the beef side to increase and manage how they’re feeding corn, feed grains, and even DDG’s into that growing beef sector.”
Mexico made up more than 22 percent of total U.S. corn exports during the marketing year that ended August 31st.
Sifferath made these comments during a Brownfield content partnership podcast with Minnesota Corn.