Market Intelligence Update from Canada Beef: Inflation pushes Mexican households to buy more processed meats

Market Intelligence Update from Canada Beef: Inflation pushes Mexican households to buy more processed meats

Mexican households are shifting to processed meats such as ham and sausages due to the loss of purchasing power and the higher prices of beef, pork and chicken. Consumption of processed meats has increased in the last two years despite the price rise of 10 to 16 per cent registered from 2022 to 2023.  Mexico’s […] Read more


(Photo courtesy Canada Beef Inc.)

Japan lifts last of BSE-era restrictions off Canadian beef

Canadian processed beef regains access to Japan

The last of Japan’s import restrictions on Canadian beef and beef products stemming from the BSE crisis has been lifted, allowing access for Canadian further-processed beef. Canada’s federal agriculture department announced Monday that Japan has reopened to imports of “processed” Canadian beef — just days ahead of a significant reduction in Japan’s tariffs on imports […] Read more

The Canada Beef booth at the Seoul Food and Hotel  exhibition in 2021

Market Intelligence Update from Canada Beef: South Korean beef demand recovers as import tariffs drop

Despite rising inflation and interest rates, beef demand has slowly recovered in South Korea. General consumer sentiment has been weak due to high inflation rates and interest rates and a stagnant economic situation, including poor export records. But beef demand has been recovering gradually thanks to year-end spending and the Lunar New Year holiday in […] Read more


While concerns about high food prices remain, there is reason to be optimistic about domestic beef consumption in 2023.

Demand for beef is key in 2023

Prime Cuts with Steve Kay

U.S. consumers in 2023 can anticipate greater availability of pork, broiler meat and turkey but less beef. Demand for all proteins will largely depend on consumer concerns about inflation and whether the U.S. economy has moved into a recession. Beef demand at retail and food service is robust. Beef currently has an advantage over pork […] Read more