PUBLISHED BY SOYBEAN GROWERS FOR THE FEED INDUSTRY
NOVEMBER 2015
The following table provides the most recent soybean supply and use information published by the U.S. Department of Agriculture. While the 2015 soybean crop is still subject to some change based on the harvest, (page 1) Total production areas harvested: Total production and average soybean yields are at an all-time high resulting in more soybeans being available for crush and/or export; and (page 2) Increased domestic soybean meal production increases the volume of soybean meal available for use by the feed industry and for export sales.

The World’s production of soybeans and soybean meal has increased steadily. Most of the increased supply of soybeans has been produced in South America and the United States. These data indicate that most of the soybean meal is consumed in four regions (Southeast Asia and China, Europe and North America. Continued growth in poultry, swine and aquaculture operations worldwide will further expand the need for soybean meal.

(*) Estimated; (**) Projected; (***) Includes Indonesia, Malaysia, Vietnam and Thailand USDA/WASDE-513, 524, 536 & 547, November 10, 2015

The big change in the United States during the past five years has been the price of soybean meal. Meal prices peaked in 2014 and became lower this past year. Livestock and poultry producers will see somewhat lower prices for soybean meal if USDA’s predictions for the coming year come true. The lower anticipated soybean meal price will help lower feed costs, improve the profit potential for feed users of soybean meal, and meet the world’s growing demand for food.


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The SOYBEAN MEAL INFORMATION CENTER is sponsored by the Soybean Checkoff: Including the checkoff boards from, Iowa, Illinois, Indiana, Kansas, Kentucky, Michigan, Minnesota, Ohio, and South Dakota.