Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm and Ranch Programming, Radio Oklahoma Ag Network  |  2401 Exchange Ave, Suite F, Oklahoma City, Ok 73108  |  (405) 601-9211

advertisements
   
   
   
   
   
   
   
   

Agricultural News


Checkoff Study: Animal Ag Demand for U.S. Soybean Meal Grows

Tue, 26 Nov 2013 14:15:55 CST

Checkoff Study: Animal Ag Demand for U.S. Soybean Meal Grows
U.S. animal agriculture’s consumption of U.S. soybean meal increased by 1 million tons, or the meal from 42 million bushels of soybeans, in the 2011/12 marketing year, according to a soy-checkoff-funded report. This is good news for soybean farmers since domestic animal agriculture uses about 97 percent of the U.S. soybean meal consumed in the United States.


Despite this welcomed increase, the report concluded that U.S. soybean farmers shouldn’t let their support for the animal ag industry weaken. Animal ag farmers face pressures like rising feed costs and dwindling U.S.- consumer demand. Because animal ag continues to be U.S. soybean farmers’ No. 1 customer, these pressures also threaten the profitability of all soybean farmers, the report said.


“The success of the U.S. soybean industry relies on the strength of the U.S. animal agriculture industry,” says Mike Beard, a checkoff farmer-leader who grows soybeans and raises hogs on his farm in Frankfort, Ind. “The best way we can support our customers and ensure they remain competitive is with better-quality soybeans.”


The report, titled the National Animal Agriculture Economic Analysis, also outlined the economic benefits the poultry and livestock sectors provide at the state and national levels. In 2012, animal ag provided the following benefits to the national economy:

-- Support for 1.8 million jobs

-- $346 billion in total economic output

-- A $60 billion impact on household incomes

-- $21 billion in income and property taxes paid


Read about animal ag’s economic benefits for each state in the full report.


According to the study, U.S. poultry, livestock and fish farmers used more than 30 million tons of soybean meal in the time period measured, or the meal from more than 1.26 billion bushels of U.S. soybeans. Broilers and swine continue to be by far the two biggest soybean-meal consumers. The meal consumption per species breaks down as follows:

-- Broiler chickens: the meal from about 476 million bushels of U.S. soybeans

-- Hogs: the meal from about 410 million bushels

-- Laying hens: the meal from 84 million bushels

-- Turkeys: the meal from more than 75 million bushels

-- Other: the meal from about 217 million bushels


   

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Oklahoma Grain Elevator Cash Bids as of 2 p.m. Friday, October 22, 2021  Fri, 22 Oct 2021 15:19:14 CDT
  • Friday, October 22, 2021, Market Wrap-Up with Justin Lewis  Fri, 22 Oct 2021 15:15:18 CDT
  • Labor Shortages are the Root Cause of Stagnant Cattle Prices Says Justin Benavidez  Fri, 22 Oct 2021 13:14:24 CDT
  • OSU Inks Head Football Coach Mike Gundy to New Contract  Fri, 22 Oct 2021 13:11:06 CDT
  • Dairy Management Inc. 2020 Annual Report Available Online  Fri, 22 Oct 2021 12:40:03 CDT
  • Sign Up Now for the 2022 National Farmers Union Women's Conference  Fri, 22 Oct 2021 12:33:48 CDT
  • OSU Agriculture Honors Distinguished Group During Ceremony  Fri, 22 Oct 2021 11:54:25 CDT

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Oklahoma Beef council Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit Ag Mediation Program P&K Equipment Tulsa Farm Show Union Mutual Stillwater Milling Oklahoma Cattlemen's Association KIS FUTURES, INC.

       
       

    Search OklahomaFarmReport.com

    © 2008-2021 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.