Add Mexican poultry, egg, and hog producer Industrias Bachoco, S.A.B. de C.V. (NYSE: IBA) and Monterrey-based Monterrey-based magnesium and steel alloy producer Compania Minera Autlan, S.A.B. de C.V. (MXK: AUTLANDB) to the list of major Mexican companies suffering significant losses from currency derivatives. 

Industrias Bachoco reported a US$50 million loss from currency derivatives and Minera Autlan posted a US$40 million for the cancellation of currency derivatives, according to a report in the October 15, 2008 edition of the International Herald Tribune. 

Expect more derivative-related losses to be disclosed by Mexican companies over the next few weeks.

Disclosure: I own a few Industrias Bachoco American Depositary Receipts.