Feed Cut Out for Pork  Feed Cut Out for Beef

In 2018, the value of red meat exports to

   

CORN $1.62 billion

         (production multiplied by added $/bu)  

Without red meat exports, corn growers wouldhave lost $5.7 billion in corn revenue in 2018

Exporting Corn throughU.S. Beef and Pork 

The projectedThe projectedThe projectedvalue of red meatvalue of red meatvalue of red meatexports toexports toexports to corn corn corn corn

from 2018-2027from 2018-2027from 2018-2027

$19 $19 $19 BillionBillionBillion

$3.2$3.2$3.2BillionBillionBillion

The projectedThe projectedThe projectedvalue of red meatvalue of red meatvalue of red meatexports to exports to exports to DDGSDDGSDDGSDDGSfrom 2018-2027from 2018-2027from 2018-2027

DDGS  $291 million

         (production multiplied by added $/bu)  

(Dried Distillers Grains)

In 2018 red meat exportsIn 2018 red meat exportsIn 2018 red meat exports

contributedcontributedcontributed 11%11%11%ofofof      bushel value bushel value bushel value    

   $0.39$0.39$0.39from red meat exports from red meat exports from red meat exports 

at an average ofat an average ofat an average of    

$3.53$3.53$3.53per bushelper bushelper bushel

of U.S. beefof U.S. beefof U.S. beefis exportedis exportedis exported13.5%13.5%13.5%

$317.15Value per head of fedValue per head of fedValue per head of fed

cattle slaughteredcattle slaughteredcattle slaughteredfrom U.S. beef exportsfrom U.S. beef exportsfrom U.S. beef exports

Top Beef Value Export MarketsJapan Korea MexicoChina/Hong KongCanada Taiwan

of U.S. porkof U.S. porkof U.S. porkis exportedis exportedis exported25.8%25.8%25.8%   

$54.38Value per head ofValue per head ofValue per head of

hogs slaughtered fromhogs slaughtered fromhogs slaughtered fromU.S. pork exportsU.S. pork exportsU.S. pork exports

Top Pork Value Export Markets

Japan MexicoChina/Hong KongCanadaKorea 

Information based on 2018 USDA Hog and Cattle Market Data

Since 2015, beef andpork exports have used  

                                                             DDGS

Beef and Pork exports have been the

FASTEST GROWINGcategory of corn use

since 2015 

35% more35% more35% more

24%

9%8%

Beef & Beef & Beef & PorkPorkPorkExportsExportsExports 29%29%29%

Rate of Growth in Corn UseRate of Growth in Corn UseRate of Growth in Corn Use2015 - 2018

Direct Exports

Ethanol

Total Feed

1 in 4 bushels of increased feed use

was exported through beef and pork 

2018 EstimatedMarket Price& ExportPremium

The export premium directly impacts livestock finishers’ capacity to cover feed costs.  A positiveexport premium adds to the profitability of feeding, which helps both the feeder and the corn farmer. 

2018 estimates for value per head, Jan-Oct 2018 data for percentage exported includes variety meats

$26.01

$92.85

$19.22

$23.44

Barrow/Gilt

Fed Steer

$0 $20

$40

$60

$80

$100

$120

$140

Barrow/Gilt

Fed Steer