2019
Soybean Meal Demand Assessment
State-By-State Economic Analysis
Summary Of Results
This current research suggests that 34.9 million short tons of SBM was fed to animal agriculture during the 2018/19 soybean marketing year. A combined total of 3.3 million tons of soy hulls were fed to hogs, dairy and beef cattle. Of the total 34.9 million short tons consumed, ranking from highest to lowest consumer of SBM are: Broilers consumed 17.0 million tons (nearly forty-nine percent), Hogs consumed 7.2 million tons (nearly twenty-one percent), Turkeys consumed 3.3 million tons (slightly more than nine percent), Dairy consumed 3.2 million tons (about nine percent), Layers consumed 3.1 million tons (nearly nine percent), the rest of animal agriculture (beef cattle, companion animals, aquaculture, sheep and meat goats) round out the last four percent.
U.S. Total 2019 Soybean Meal Consumption
All figures in thousands of tons.
U.S. Economic Impact 2019
Animal agriculture continues to be an important driver of economic activity in the United States. Through purchases from and sales to many other industries, U.S. animal agriculture in turn has a large impact on the rest of the national and global economies. In the U.S. during 2019 animal agriculture’s support of the national economy included: $370.2 billion in economic output, 2,446,580 jobs, $79.4 billion in earnings, $19.2 billion in income taxes, $9.4 billion in the form of property taxes. In addition, from 2009-2019, U.S. animal agriculture increased gross national product by $68.5 billion in economic output, boosted household earnings by over $14.9 billion and supported an additional 470,017 jobs.
U.S. Animal Units Overview 2019
Allow equal standards for all animals based on species, size, and manure produced. The AUs used in this study are based on the prevailing concept of an AU being one 1000 pound beef cow consuming an average of 2.6% of its body weight daily, however, daily consumption varies throughout the year. Other species are calculated as 0.1 AU per 100 pounds of body weight (e.g., a 450 pound sow =0.425 AU).
