What Market Fundamentals Can Affect The Soybean Meal Futures?
The two basic products of soybeans are soybean meal and soybean oil. Soybean meal is the dominant protein supplement used in U.S. livestock and poultry feeds. Animal feed utilized 98% percent of the total meal produced. In the protein-short areas of the world and elsewhere, soybean meal is finding increasing use in human food products. When you are considering a trade in soybean meal market some of the basic fundamentals that you should consider are: 1. Soybeans Each bushel of soybeans produces about 48 pounds of soybean meal and 11 pounds of soybean oil so the soybean meal market is often closely tied with developments in the soybean market. It is important to look at the soybean crop size and crop conditions, and the level of surplus or shortfall in the U.S. and Brazil. 2. Dried Distillers Grain With Soluble (DDGS)The production of bio-diesel creates a byproduct know as DDGS. DDGS can be mixed into livestock feed the same way that soybean meal is. DDGS is becoming a major direct comp
The two basic products of soybeans are soybean meal and soybean oil. Soybean meal is the dominant protein supplement used in U.S. livestock and poultry feeds. Animal feed utilized 98% percent of the total meal produced. In the protein-short areas of the world and elsewhere, soybean meal is finding increasing use in human food products. When you are considering a trade in soybean meal market some of the basic fundamentals that you should consider are: 1. Soybeans Each bushel of soybeans produces about 48 pounds of soybean meal and 11 pounds of soybean oil so the soybean meal market is often closely tied with developments in the soybean market. It is important to look at the soybean crop size and crop conditions, and the level of surplus or shortfall in the U.S. and Brazil. 2. Dried Distillers Grain With Soluble (DDGS) The production of bio-diesel creates a byproduct know as DDGS. DDGS can be mixed into livestock feed the same way that soybean meal is. DDGS is becoming a major direct com
