Since 2015, indirect exports of corn and soybeans through beef and pork exports has been the fastest-growing category of corn and soybean use, delivering critical returns for corn and soybean farmers. This week, the U.S. Meat Export Federation (USMEF) released an updated version of the independent study aimed at quantifying the value red meat exports provide to U.S. corn and soybean producers. Dave Juday, senior analyst for World Perspectives, Inc., who conducted the original study back in 2016 and subsequent updates, explains why red meat exports play such an important role in corn and soybean prices.
More details on U.S. red meat exports’ value to corn and soybeans are available on the USMEF website.