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The U.S. Meat Export Federation (USMEF) has released an updated version of the independent study by Dave Juday, senior analyst for World Perspectives, Inc. aimed at quantifying the value red meat exports provide to U.S. corn and soybean producers. Since 2015, indirect exports of corn and soybeans through beef and pork exports has been the fastest-growing category of corn and soybean use.
In 2019, U.S. beef and pork exports used 480 million bushels of corn. Corn revenue generated by U.S. pork exports totaled $1.8 billion.
In 2019, U.S. pork exports used 2.12 million tons of soybean meal, which is the equivalent of 89.2 million bushels of soybeans. Soybean revenue generated by pork exports totaled $751.7 million.
In 2019, beef and pork exports contributed more than 12% of the per bushel price of corn. With total production of 13.62 billion bushels, the value of pork exports to the U.S. corn crop was $6.26 billion.
In 2019, with a total production of 13.62 billion bushels, the value of pork exports to the U.S. corn crop was $6.26 billion. With a total production of 3.55 billion bushels, the value of pork exports was $2.7 billion to the U.S. soybean crop.
July 17, 2020/ USMEF/ United States.
https://www.usmef.org/
