Red Meat Exports Deliver Value to Corn Producers

The U.S. Meat Export Federation says an updated study shows the value that red meat exports deliver to U.S. corn producers. A Drovers’ Report says a study conducted in 2016 by World Perspective, Incorporated, took a look at the previous year’s exports and determined that those exports accounted for 11.7 million tons of combined corn and dried distiller’s grains. In a similar study, WPI found that 2018 exports will use a combined total of 14.9 million tons of corn and distiller’s grains. That amounts to an additional 460 million bushels of corn produced, an increase totaling 29 percent over the 2015 predictions. USMEF President and CEO Dan Halstrom says, “The USMEF receives outstanding support from the feed grain and oilseed industries because those producers understand that red meat exports boost the profitability of their largest customer, which is the U.S. livestock industry.” USMEF says, since 2015, one in every five bushels of added feed demand for corn is due to beef and pork exports.