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.
FD-TV’s own Tammi Arender caught up with Gregg Doud, President and CEO of the National Milk Producers Federation.
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The government reopens after 43 days. USDA resumes key reports, weighs farm aid, and watches China’s next move on U.S. soybean purchases.
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Friday’s release will be the first WASDE report in about two months, and early estimates indicate a corn surplus is still on the way.
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The National Milk Producers Federation (NMPF) says recent wins in markets like Malaysia and Cambodia help farmers focus on production rather than trade barriers.
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