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A South Dakota Soybean Research council article promotes livestock feeding programs built on soybean meal. It notes that about 60 percent of US soybean meal is consumed domestically and that global livestock use of meal was worth $6.16 billion in 2022.
This is promotional commentary that reiterates existing meal demand and does not describe a new supply or demand shock. Its price effect on soybean meal is negligible.
sdsoybean.orgApr 26, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
