A new study from the National Corn Growers Association and U.S. Meat Export Federation shows the value of red meat exports to domestic U.S. corn growers. The original study was conducted in 2015.

In 2018, the study showed beef and pork exports used a combined total of 14.9 million tons of corn and DDGS, which equates to an additional 459.7 million bushels of corn produced - an increase of 29 percent over the 2015 projections. The study also found that since 2015, one in every four bushels of added feed demand for corn is due to beef and pork exports. Also, red meat exports' impact on the price of corn is 39 cents per bushel, based on the annual average price of $3.53 per bushel.

Dan Wesely, Chairman of NCGA’s  Feed, Food, and Industrial Action Team, called the animal ag industry the largest customer of U.S. corn, adding that the study shows that impact to the corn producer is “extremely beneficial as we continue to help these markets expand."

Source;  NAFB News

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