As of 2023, the cattle supply in Mexico stood at a certain number, serving as the baseline for future projections. From 2024 to 2028, the forecast indicates a consistent upward trend in the cattle supply, increasing steadily from 26.56 million heads in 2024 to 27.24 million heads in 2028.
The year-on-year percentage variations show marginal growth each year, reflecting stability in the cattle supply market. From 2024 to 2025, there is a 0.64% increase, followed by similar increments in subsequent years, with the largest annual rise being 0.64% between 2027 and 2028. Over the last two years, there has been a cumulative increase of 2.55%, and the Compound Annual Growth Rate (CAGR) for the 2024-2028 period stands at approximately 0.64%.
Future Trends to Watch For:
- Potential impacts of climate change on cattle grazing and feed availability.
- Trade policies affecting beef exports and imports, particularly with the US and other significant markets.
- Technological advancements in cattle farming that could improve efficiency and productivity.
- Shifts in consumer preferences towards alternative proteins which might influence cattle demand.
- Policy changes within Mexico that could either bolster or hinder cattle farming practices.
