# South Dakota Soybean | Value Meal: How Livestock Development Can…

> 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.

- Date: 2023-04-26 · published 2023-04-26T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/36514-south-dakota-soybean-value-meal-how-livestock-development-can
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

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.

## Read by commodity

- SBM: neutral

## Sources

- sdsoybean.org: https://www.sdsoybean.org/news-media/value-meal-how-livestock-development-can-boost-profitability-for-soybean-growers

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