exporting corn through - usmef · 2020. 7. 14. · ddgs utilized by beef and pork exports in 2019...

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CORN $1.8 billion DDGS $412 million (corn consumed by meat exports * annual avg corn price) In 2019, the market value of red meat exports to U.S. (DDGS consumed by meat exports * annual avg DDG price) In 2019 red meat exports added 12% of bushel value $0.46 $3.75 from red meat exports at an average of per bushel Without red meat exports, corn growers would have lost $6.3 billion in corn revenue in 2019 $23.1 Billion The projected market value of red meat exports to U.S. corn from 2020-2029 $4.5 Billion The projected market value of red meat exports to U.S. DDGS from 2020-2029 $4.5 Billion The projected market value of red meat exports to U.S. DDGS from 2020-2029 Feed Cut Out for Pork Feed Cut Out for Beef (U.S. corn producon * $0.46/bushel) Exporng Corn through U.S. Beef and Pork

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Page 1: Exporting Corn through - USMEF · 2020. 7. 14. · DDGS utilized by beef and pork exports in 2019 represented about $0.04 per gallon in gross operating margin for ethanol mills Rate

CORN$1.8 billion

DDGS$412 million

(corn consumed by meat exports * annual avg corn price)

In 2019, the market value of red meat exports to U.S.

(DDGS consumed by meat exports * annual avg DDG price)

In 2019 red meat exportsadded 12% of bushel value

$0.46

$3.75

from red meat exports

at an average of

per bushel

Without red meat exports, corn growers wouldhave lost $6.3 billion in corn revenue in 2019

$23.1BillionThe projected

market value of red meat exports to U.S. corn from

2020-2029

$4.5BillionThe projected

market value of red meat exports

to U.S. DDGS from 2020-2029

$4.5BillionThe projected

market value of red meat exports

to U.S. DDGS from 2020-2029

Feed Cut Out for Pork Feed Cut Out for Beef

(U.S. corn production * $0.46/bushel)

Exporting Corn through U.S. Beef and Pork

Page 2: Exporting Corn through - USMEF · 2020. 7. 14. · DDGS utilized by beef and pork exports in 2019 represented about $0.04 per gallon in gross operating margin for ethanol mills Rate

DDGS utilized by beef and pork exports in 2019 represented about

$0.04 per gallonin gross operating margin for ethanol mills

Rate of Growth in U.S. Corn Use2015-2019

Beef & Pork Exports

Direct Exports

Total Feed/Residual

Food, Seed, Industrial

28%9%6%2%

1 in 4 bushels of increased feed usewas exported through beef and pork

Beef and porkexports have been the

FASTEST GROWINGcategory of corn use

since 2015

The export premium directly impacts livestock �nishers’ capacity to cover feed costs. A positive exportpremium adds to the pro�tability of feeding, which helps both the feeder and the farmer.

2019 Market Price &Export Premium

Barrow/Gilt

$0

$80

Market w/ no Exports Export Premium

$29.24

$20

$40

$60

$100

$120

$USD per CWT

$18.71

Fed Steer

$140

$94.82$22.99

$53.51

26.9% of U.S. pork is exported

Top Pork Value Export Markets• Japan• China/Hong Kong• Mexico • Canada• Korea

Value per head of hogs slaughtered from

U.S. pork exports **2019 data

Top Beef Value Export Markets• Japan• Korea • Mexico• China/Hong Kong• Canada

• Taiwan

14.1% of U.S. beef is exported

$309.75Value per head of

fed cattle slaughtered from U.S. beef exports