Impact of Red Meat Exports on Corn, Soy

Clint Thompson Corn, Exports/Imports

Dean Meyer

U.S. red meat exports accounted for $2.94 billion worth of corn consumption or 536.7 million bushels last year. That’s according to analysis by The Juday Group and U.S. Meat Export Federation (USMEF) of preliminary estimates of 2021. On the soy side, pork exports accounted for nearly 100 million bushels of consumption worth $1.3 billion.

During last week’s Commodity Classic in New Orleans, leadership from the USMEF were on hand to share that information.

That’s USMEF Chairman-Elect, Dean Meyer from Iowa. He talks about their interactions with growers and the financial impact of exports on his own cattle operation.