Benefit To Soybean Farmers
Soybean protein is unique in complementing corn protein to balance growing calf diets to meet amino acid requirements. The potential benefit to using soybean meal compared to other protein feeds is reduced cost of gain, typically $0.05 per Lbs or greater. The fed beef cattle market is estimated at 29 million head and the fed dairy calf market is estimated at 5 million head. The inclusion of soybean protein in beef diets will range depending on growth stage of the calf, but an average would be 8% of the diet. The consumption potential for soybean protein is substantial. Additionally, the use of rumen protected soybean meal is needed which creates a value-added opportunity. The benefit to US Soybean Farmers is the increased demand for soybean protein, which creates value in soybean meal and increased tonnage use. This in turn benefits soybean price and demand.