The U.S. Meat Export Federation recently updated a study on the market value of red meat exports. At an average of $3.75 per bushel, $0.46 is from red meat exports. The study indicated that without red meat exports, corn growers would have lost $6.4 billion in corn revenue in 2019.

Other highlights from the updated study include:

“The animal ag industry is the largest user of U.S. corn, and it’s beneficial to have an understanding of the impact of the value of red meat exports,” said Dan Wesely, chairman of the Market Development Action Team. “It’s important to partner with USMEF to work together to continue to expand and grow these markets, especially during these challenging times.”

As a part of the work on the study, USMEF also did an updated infographic and highlighting key statistics and facts from the study. More details on U.S. red meat exports’ value to corn are available in this slide presentation. World Perspectives, Inc. conducted the study.

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