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.
The trade mission team received market briefings from USDA and in-country USMEF marketing staff before touring a packing plant and several retail outlets, witnessing USMEF marketing initiatives at work in-market and attending Expo Carnes, the largest meat industry trade show in Mexico.
U.S. beef exports set annual records for both volume and value in 2022, according to year-end data released by USDA and compiled by USMEF. Pork exports finished lower year-over-year but export value was the third largest on record.