An independent study released by the U.S. Meat Export Federation (USMEF) showed a record value of beef and pork exports brought significant returns to the U.S. corn and soybean industries in 2022.
The study found U.S. beef and pork exports contributed an estimated total economic impact of 15% per bushel to the value of corn and 13% per bushel to soybeans in 2022.
“For every bushel of corn we marketed in 2022, a little over $1 was attributed to red meat exports, and with soybeans, pork exports contributed $1.94 per bushel,” said USMEF Chair Dean Meyer in a statement.
“Pork and beef exports bring critical support to our bottom lines.”
Beef and pork exports accounted for 503.4 million bushels of U.S. corn usage, which equated to a market value of $3.4 billion ($6.75 per bushel) and 3.42 million tons of dried distillers grains usage.
Pork exports accounted for 89.7 million bushels of U.S. soybean usage, which equated to a market value of $1.33 billion ($14.83 per bushel).
