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Food for Peace, meanwhile, provided nearly 4 billion pounds of American-grown food to 58 million people globally in 2022, according to the U.N. World Food Programme, which counts the U.S. as its ...
Chinese demand for soybean caused massive growth of US soybean production. In the 1990s, soybeans consist of 450,000 acres of land, and by 2017 the amount rose to 6.4 million. Annual export was worth $26 billion (~$31.8 billion in 2023) annually before 2017.US farmers contributed to funding an organization dedicated to research about the ...
On average, one unit of soybeans produces 80% soybean meal, 18.3% soybean oil, and 1.7% waste, though growing conditions affect oil yields. [2] To calculate the crush margin of one unit of soybeans, take the % value of the soybean meal and oil futures (e.g., in CNY/metric ton purchased on the Dalian Commodity Exchange) and subtract the value of the soybeans (e.g., in USD/bushel purchased on ...
Soybean meal. Soybean meal is used in food and animal feeds, principally as a protein supplement, but also as a source of metabolizable energy. Typically 1 bushel (i.e. 60 lbs. or 27.2 kg) of soybeans yields 48 lbs. (21.8 kg) of soybean meal. [1] Most soybean meal is defatted, produced as a co-product of soybean oil extraction. [2]
Aug. 14—WASHINGTON — The crop production report issued Friday, Aug. 11 by USDA's National Agricultural Statistics Service (NASS) forecasted corn production up from 2022 and soybean production ...
Freeze on USDA programs costs farmers ... Laura Beth Resnick of Butterbee Farm in Maryland is on the hook for $36,000 she spent on solar panels through the USDA’s frozen renewable energy program ...
The soybean checkoff is a congressionally-mandated assessment on soybeans, whose proceeds are used to fund soybean research and promotion efforts. The checkoff is managed by the United Soybean Board under the supervision of the United States Department of Agriculture Agricultural Marketing Service. In 2014, the checkoff was $109.1 million. [1]
Soybean meal, or soymeal, is the material remaining after solvent extraction of oil from soybean flakes, with a 50% soy protein content. The meal is 'toasted' (a misnomer because the heat treatment is with moist steam) and ground in a hammer mill. Ninety-seven percent of soybean meal production globally is used as livestock feed. [158]