
A study by the U.S. Meat Export Federation finds U.S. beef and pork exports returned $1.3 billion to U.S. corn farmers in 2015. The independent study commissioned by USMEF was conducted by World Perspectives, a leading agricultural consulting firm. Dave Juday, World Perspectives senior analyst, says if there were no meat exports in 2015, corn prices “would have been about $3.15 per bushel,” instead of the season average of $3.60. That would have accounted for a loss of 45 cents per bushel, which Juday says would have amounted to about $6 billion to the corn industry last year.