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US Agricultural Trade Trends: Corn, Soybeans, Meat, and Exports

Explore the latest data on US agricultural trade, including corn and soybean supply and use, meat production and prices, as well as the value of agricultural exports. Discover the growth of NAFTA agricultural trade with Canada and Mexico, and Iowa's top exports in agriculture and manufacturing.

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US Agricultural Trade Trends: Corn, Soybeans, Meat, and Exports

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  1. Ag Trade June 19, 2017 Chad Hart Associate Professor/Crop Marketing Specialist chart@iastate.edu 515-294-9911

  2. Source: USDA-FAS

  3. Source: USDA-FAS

  4. Source: USDA-FAS

  5. U.S. Corn Supply and Use Source: USDA-WAOB

  6. U.S. Soybean Supply and Use Source: USDA-WAOB

  7. Soybean Export Sales Source: USDA-FAS

  8. Change in Corn Export Sales Source: USDA-FAS

  9. Change in Soybean Export Sales Source: USDA-FAS

  10. U.S. Meat Production & Prices Source: USDA-WAOB

  11. U.S. Meat Trade Million pounds Source: USDA-WAOB

  12. U.S. Pork Exports, Jan-Mar 2017 (Carcass Wt Basis) WASDE U.S.: 2015: 5,009 mil lbs 2016: 5,233 (+4%) 2017: 5,670 (+8%) Source: USDA/ERS

  13. U.S. Beef Exports, Jan-Mar 2017 (Carcass Weight Basis) WASDE U.S.: 2015: 2,265 mil lbs 2016: 2.550 (+13%) 2017: 2,725 (+7%) Source: USDA/ERS

  14. U.S. Beef Imports, Jan-Mar 2017 (Carcass Weight Basis) WASDE U.S.: 2015: 3,371 mil lbs 2016: 3,016 (-11%) 2017: 2,745 (-9%) Source: USDA/ERS

  15. Value of Ag Trade Source: USDA-FAS

  16. U.S. Ag Exports Source: USDA-FAS

  17. NAFTA Agricultural Trade with Canada Two-way trade up 393% since NAFTA Source: US Census Bureau, Foreign Trade Statistics, FATUS export aggregations

  18. NAFTA Agricultural Trade with Mexico Two-way trade up 517% since NAFTA Source: US Census Bureau, Foreign Trade Statistics, FATUS export aggregations

  19. Iowa’s state export rankings, 2015 # 2 Soybeans $2.516 billion # 1 Pork $1.988 billion # 1 Feeds $1.506 billion # 1 Corn $1.398 billion # 2 Soybean meal $639 million # 2 Vegetable oils $392 million # 4 Beef $356 million # 2 Hides $293 million # 12 Dairy $122 million Source: USDA Economic Research Service, “State Export Data”

  20. Iowa’s top 10 manufactured exports, 2015 1. Tractors $764 million 2. Herbicides 405 million 3. Aircraft engines/parts 264 million 4. Harvesting machinery 259 million 5. Aluminum alloy plates 250 million 6. Front-end loaders 179 million 7. Special purpose vehicles 152 million 8. Excavators 119 million 9. Ag/Hort/Forestry mach. 116 million 10. Medical instruments 105 million Source: http://www.census.gov/foreign-trade/statistics/state/data/ia.html

  21. World Corn Markets Source: USDA

  22. Arable Land

  23. Thank you for your time!Any questions?My web site:http://www2.econ.iastate.edu/faculty/hart/Iowa Farm Outlook:http://www2.econ.iastate.edu/ifo/Ag Decision Maker:http://www.extension.iastate.edu/agdm/

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