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.