Domestic Corn Industry Benefits from Beef & Pork Exports

(ST. LOUIS, MO) The National Corn Growers Association (NCGA) partnered with the U.S. Meat Export Federation (USMEF) to update a 2015 study on the value of red meat exports to domestic corn growers. In 2018, according to the research, beef and pork exports used a combined total of 14.9 million tons of corn and dried distillers grains (DDGS). This equates to an additional 460 million bushels of corn demand. Other highlights from the updated study show that since 2015, one in every four bushels of added feed demand for corn is due to beef and pork exports. Also, approximately 11 percent of the price of corn this year will be derived from red meat exports, those exports’ impact on the price of corn is 39 cents per bushel (based on the annual average price of $3.53 per bushel). Finally, there would be a loss of $5.7 billion in corn value without red meat exports.