Beef and pork exports support corn and soybeans

Beef and pork exports of $18.1 billion in 2023 had a significant impact on the corn and soybean industries, according to an independent study conducted by The Juday Group and released by the U.S. Meat Export Federation (USMEF). The study quantified the returns that beef and pork exports brought to corn and soybean producers nationally and on a state-by-state level for leading corn and soybean-producing states.

Nationally, U.S. pork and beef exports contributed an estimated total economic impact of 14.6% per bushel to the value of corn and 13.9% per bushel to soybeans in 2023, according to the study.

“We’ve been charting the impact of red meat exports on corn and soybean value since 2016. Despite the international headwinds the red meat industry faced in 2023, red meat exports contributed substantially to the bushel values of U.S. corn and soybeans,” said Dave Juday of The Juday Group.

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