The National Oilseed Processors Association and the United Soybean Board have released a new study that examines the worth of the American soybean market. The study, titled “The Financial Influence of the U.S. Soybeans & Finish Goods on the U.S. Economy,” reveals that the soybean sector contributes around $124 billion annually to the US economy. This figure involves $85.7 billion from soy production and $9.eight billion from the processing side of the soy market.
In the course of an interview at the Farm Progress Show, Mac Marshall, Vice President of Market place Intelligence at the United Soybean Board, offered far more insight into the not too long ago completed study and its implications for the general economy. He also discussed the present status of soybean exports and the ongoing debate surrounding meals versus fuel. Marshall shed light on the possible effect of enhanced soybean meal production on the US livestock market.
This episode is sponsored by United Animal Overall health, a major corporation in animal overall health and nutrition. Interested people can understand far more about United Animal Health’s efforts to advance animal science worldwide by going to their web site at UnitedANH.com.
For extra information and facts on this and other connected subjects, readers are encouraged to pay a visit to the web-sites www.Feedstuffs.com and www.NationalHogFarmer.com. These web-sites deliver access to digital editions of their publications, as nicely as the newly launched Feedstuffs 365 platform.