USDA economists increased their estimate for domestic disappearance of soybean meal by a million short tons due to an increased demand for meal by the feed industry. Soybean meal prices are estimated to remain in the $310-350 per ton range. Livestock, poultry and aquaculture producers should benefit from these anticipated soybean meal prices.
U.S. Soybean and Soybean Meal Production, Use and Exports
Reference: U.S. Department of Agriculture, World Agricultural Supply and Demand Estimates, WASDE 545, September 11, 2015.
Soybean Crush and Exports
Soybean Meal Domestic Use and Exports