Exports are a growing opportunity.
Making export growth a priority extends to the locks and dams priority (we need adequate infrastructure to move grain) and the ethanol priority (ethanol exports is a growing market). "Exports" is the place where many of our programs overlap.
IL Corn works with several important partners to accomplish our international export goals, including:
- US Grains Council
- National Corn Growers Association
- US Meat Export Federation
- USA Poultry and Egg Export Council
The Illinois corn checkoff increased their investment in the U.S. Meat Export Federation in 2021. That investment is starting to pay off.
Beef and pork export volumes and values are increasing, allowing livestock farmers in the U.S. to grow more livestock and feed more corn. In 2020, beef and pork exports used 530.5 million bushels of corn. At an average annual price of $3.52/bushel, beef and pork exports accounted for $1.87 billion in market value to the corn industry.
*Data from 09/2020 - 09/2021
Exports of U.S. feed grains in all forms (GIAF) are up 20 percent year-over-year from September-June to 96.9 million metric tons, according to data from the U.S. Department of Agriculture (USDA)...More
Trade matters. It’s easy to forget about the important role that export markets play in building corn prices, of course, because most of you never see your corn again once you take it to the...More