# Ag Outlook focuses on new markets and production - Agweek | #1 source for agriculture news, farming, markets

> At the South Dakota Soybean Association's Ag Outlook meeting, Prairie AquaTech's CEO said a plant near Volga, South Dakota, will open in spring 2019 to make soy-based aquaculture feed. The plant will convert about 50,000 tons of state soybean meal into 30,000 tons of product, which he says sells for about $1,500 per ton against roughly $400 per ton for meal.

- Date: 2018-12-17 · published 2018-12-17T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/61715-ag-outlook-focuses-on-new-markets-and-production-agweek-1-source-for
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

The project creates a new higher-value outlet for soybean meal, which could add modest regional demand. The effect on national soybean meal prices is likely small at this scale.

## Read by commodity

- SBM: bullish ▲

## Sources

- agweek.com: https://www.agweek.com/business/ag-outlook-focuses-on-new-markets-and-production

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