# USDA Forecasts Drop in Soybean Meal Price – LACO Commodity Research

> USDA projects the average soybean meal price for the 2024/25 crop year to fall nearly 20%, to a season average near $320 per short ton. The forecast reflects strong competition from larger Brazilian and Argentine crops, with Brazil's crop projected at about 140% of the US 2024 crop.

- Date: 2024-11-14 · published 2024-11-14T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/27472-usda-forecasts-drop-in-soybean-meal-price-laco-commodity-research
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A lower official price outlook signals expected ample global meal supply, which points to softer US and export meal prices through the marketing year.

## Read by commodity

- SBM: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2020-01-05 | [Soybean Meal Exports – LACO Commodity Research](https://feedsoft.ai/events/55168-soybean-meal-exports-laco-commodity-research.md) | +0.9% | -2.1% |
| SBM | 2024-08-12 | [USDA Forecasts Record Soybean Crop](https://feedsoft.ai/events/28713-usda-forecasts-record-soybean-crop.md) | -6.5% | -2.3% |
| SBM | 2025-02-27 | [USDA Forecasts Record Corn Crop, Larger Soybean Crop for 2025-26](https://feedsoft.ai/events/13114-usda-forecasts-record-corn-crop-larger-soybean-crop-for-2025-26.md) | -0.1% | +0.6% |
| SBM | 2017-08-10 | [USDA Forecasts Record-High Soybean Production in 2017](https://feedsoft.ai/events/69299-usda-forecasts-record-high-soybean-production-in-2017.md) | -3.9% | -1.4% |
| SBM | 2020-08-12 | [USDA forecasts record high corn, soybean yields](https://feedsoft.ai/events/51457-usda-forecasts-record-high-corn-soybean-yields.md) | +5.0% | +10.2% |

## Sources

- lacocommodities.com: https://lacocommodities.com/usda-forecasts-drop-in-soybean-meal-price/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.