Domestic and international markets are important to maintain profitable prices and manageable grain storage volumes from year to year. CCAC has forged important relationships with organizations who have the resources to maintain, expand, and develop on-shore and off-shore market opportunities. Here is a brief look at those organizations.
According to USGC, in the 2016/2017 crop marketing year, (Sept. 1- Aug. 31) the U.S. grew more than 385 million metric tons (14.6 billion bushels) of corn.
The U.S. Meat Export Federation (USMEF) builds international markets for red meat, which equates to bushels of grain exported in the form of protein. In fact, a study on the value of red meat exports in 2018 showed beef and pork exports used a combined total of nearly 14.9 million tons of corn and DDGS. Since the study conducted in 2015, one in every four bushels of added feed demand for corn is due to beef and pork exports.
In the last decade, CCAC and USMEF have focused on projects to build meat demand in Japan, Korea, Taiwan, and the Caribbean. These projects have varied from retail and consumer promotions to cutting, grading and buyer training programs.
U.S. Grains Council (USGC) builds demand for U.S. corn and corn products like ethanol and DDGS in countries across the world. The Council’s offices around the world not only facilitate the sale of U.S. corn exports, but also educate buyers and create market demand for our product.
Top Three U.S. Corn Export Destinations
Mexico = 25%
Japan = 21%
South Korea = 9%
According to USGC, in the 2016/2017 crop marketing year, (Sept. 1- Aug. 31) the U.S. grew more than 385 million metric tons (14.6 billion bushels) of corn. Roughly seventeen percent of production was exported to more than 80 different countries.
Ethanol is a vital market for grain corn, and one of the most important advancements for the industry here in Colorado and across the Nation. CCAC invests in the renewable fuel industry (agricultural crops converted into fuels such as ethanol and biodiesel) through projects geared to promote and expand market opportunities, and especially to educate Colorado drivers they have a readily available, clean, renewable energy choice at the pump with high octane fuels like Unleaded 88/E15 and E85.