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
THE NUTS AND BOLTS OF THE PROPOSED TRADE UPDATE WITH MEXICO
President Trump announced earlier this week that he had reached agreement with Mexico on updates to the NAFTA agreement, although he then hinted that he might kill the NAFTA deal after all, if...
MorePOULTRY EXPORTS ALLOWED INTO MOROCCO FOR FIRST TIME
Earlier this month, the U.S. Trade Representative Robert Lighthizer and U.S. Secretary of Agriculture Sonny Perdue announced that the government of Morocco has agreed to allow commercial imports...
MoreTRADE NEWS TODAY: USDA RELEASES TRADE AID PROGRAM DETAILS, DEAL BROKERED WITH MEXICO
Breaking news today, all of which will impact Illinois and American corn farmers, is that U.S. Secretary of Agriculture Sonny Perdue announced the details of the $12 billion trade aid package and...
MoreGRAINS IN ALL FORMS EXPORTS ON TRACK TO SET NEW RECORD
U.S. exports of grain in all forms (GIAF) are on track to set a new record in 2017/2018, with two months of sales left to report, according to data from the U.S. Department of Agriculture (USDA)...
MoreUS ETHANOL EXPORTS UP 33 PERCENT FROM LAST YEAR
Government data released last week show that U.S. ethanol exports through June stood at 927.7 million gallons (mg), up 33 percent from the first half of 2017 and on pace to shatter last year’s...
MoreMORE TARIFFS ON AMERICAN GOODS – SOYBEANS PARTICULARLY IMPACTED
On Friday, China announced another round of retaliatory tariffs, equaling about $60 billion in U.S. goods. Politico reported that China proposed that nearly half of the targeted U.S. goods be...
More