US pork and beef exports contribute an estimated total economic impact of 14.6% per bushel to the value of corn and 13.9% per bushel to soybeans in 2023.
An independent study by the Juday Group quantified the returns that red meat exports brought to national corn and soybean producers in 2021, and at state levels for corn- and soybean-producing states.
No two years in farming are alike or free of drama.
This year there is a dramatic reduction in supply, a drought in parts of the corn belt and the significant increase in oil prices.
Feed ingredients are the No. 1 cost component of the protein business, followed by labor and energy. Oil prices are historically linked to feed-ingredient crops.
No two years in farming are alike or free of drama; however, this may be one of the craziest years we've seen in a long time because of all the variables in play.