U.S. pork and beef exports contributed an estimated total economic impact of 15% per bushel to the value of corn and 13% per bushel to soybeans in 2022, according to the study.
November exports of U.S. pork were the largest of 2022 in both volume and value, according to data released by USDA and compiled by USMEF, while 2022 beef export value already set a full-year record of nearly $11 billion.