Soybean growers have been fighting against low prices since 2022.
Don Wyss of the United Soybean Board’s Audit and Evaluation Committee says some farmers are turning to dairy, offering up their product for cattle rations.
“I call it a win-win. You know, we’re winning by seeing this go into the feed rations of dairy cows but also continuing to, in a tighter margin environment, see new developments on the demand side for our soybeans, and this is only going to continue to grow going forward with the results that we’re seeing coming out of that benefit to the dairy industry. There’s some additional work being done in swine right now, too, to look at this, so we may not be done yet,” said Don Wyss.
This project, to get high oleic soybean oil into cattle feed, has been in the works for some time now, and Wyss says the research was funded in part with checkoff dollars.
China still has a long way to go before it meets its commitment to buy 12 million metric tons of U.S. soybeans this year.
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David Hardin with the Indiana Soybean Alliance discusses USMEF’s push to open new global export markets for both meat and soy-based feed.
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