The U.S. Meat Export Federation commissioned an updated study quantifying the return U.S. corn producers from red meat exports. Since 2015, U.S. beef and pork exports have increased 26 percent, which prompted an updated study. In 2018, 11 percent of the price of corn will be derived from beef and pork exports. “As a result, red meat exports’ impact on corn prices equate to about 39 cents per bushel, based on an annual average price of $3.53 per bushel,” explains World Perspectives senior analyst Dave Juday. “This year, that amounts to $5.7 billion to the U.S. corn sector.”
