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Use of soybean meal in animal feed has fallen by about half since the 1990s, according to the Illinois Soybean Association. Cheap synthetic amino acids such as lysine and methionine have allowed formulators to replace soymeal.
Structural substitution by synthetic amino acids caps long-term soymeal demand growth in feed, so price support from feed use is limited.
feedstrategy.comEmma PenrodJan 29, 2020Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
