A study conducted for the U.S. Meat Export Federation shows eleven percent of the price of corn this year will be derived from beef and pork exports.
“If you look at the volume of exports this year and take the premium that that’s bringing to the price of corn, it’s about 39 cents on a $3.53 bushel of corn,” says Dave Juday with consulting firm World Perspectives.
That amounts to five-point-seven billion dollars to the U.S.
Continue reading Study: 11% of corn price is derived from red meat exports at Brownfield Ag News.
