Home Indiana Agriculture News Record Exports of Meat and Poultry Good News for U.S. Soybean Farmers

Record Exports of Meat and Poultry Good News for U.S. Soybean Farmers

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Despite challenges – U.S. poultry, egg and pork exports surpassed previous records for value and volume in 2012. While international beef sales dipped slightly in volume – the previous value record was exceeded. A record year for meat exports is good news for the nation’s soybean growers as it helps keep domestic demand for U.S. soy strong. Soy meal constitutes a significant portion of animal feeds – so growing U.S. meat and poultry exports reinforce demand for U.S. soy. Domestic animal agriculture is the U.S. soy industry’s number one customer – using about 98-percent of the domestic supply of U.S. soy meal. United Soybean Board farmer-leader John Butler says exporting meat and poultry is a big issue for U.S. soybean farmers. He says feeding animals soybeans here and selling them abroad creates a value-added product. Adding that value here – Butler says – has a tremendous positive impact on the U.S. soy industry and the national economy.

According to the most recent statistics – poultry consume roughly 12.9-million metric tons of U.S. soy meal each year. That’s the meal from 601-million bushels of soybeans. Hogs account for 6.8-million metric tons of U.S. soy meal – or the meal from 318-million bushels of soybeans. To support the largest customers of U.S. soy meal – the soy checkoff partners with organizations like the U.S. Meat Export Federation and USA Poultry and Egg Export Council to market U.S. meat and poultry abroad.

 

Source: NAFB News Service