|Season Greetings and Best Wishes for a Successful New Year.
Since it is the end of the year and a start of a new decade, this newsletter will concentrate on the changes that have occurred in the soybean industry during the past decade. We have seen some major changes in the soybean industry since January of 2000. Some of those changes are listed below:
• Soybean production in the United States has increased over the past ten years primarily due to increases in soybean yields. Acreages of the major crops have not widely varied, and growers are increasing yields by using higher yielding varieties, better control of weeds, pests and diseases, and improving overall crop management. (See graphs on page 4)
• World soybean and soybean meal production have increased. The most rapid increase in soybean production has occurred in South American Countries.
• The demand for soybean meal has increased domestically and worldwide. The charts show the increasing trend for domestic meal use.
• Greater use of by-product feed ingredients in feeds has occurred. The increased use of ethanol byproducts (Distillers Dried Grains and Distillers Dried Grain with solubles) has resulted due to the reduced supplies and increased cost of corn for livestock feeding.
• The market price for soybean meal has increased over the past ten years due to world supply and demand for feed protein.
• The composition of soybeans has not changed significantly over the past decade. The protein and amino acid content of soybeans allow the soybean processor to offer a soybean meal that is uniform and can be used with confidence in meeting the feed nutrient requirement specifications.
• The domestic use of soybean meals has been stable over the past ten years. Poultry and swine consumed about three-quarter of the soybean meal, with beef cattle and dairy consuming about 20%, and about 5% for pets and aquaculture.
• Researchers have greatly increased research studies designed to demonstrate the value of soybean meal in replacing fish meals in formulated feeds for fish and shrimp. The high prices for fish meal and increasing demand for a high quality protein source for aquaculture has resulted in greater interest in diets containing soybean meal.
All in all, it has been a good decade for the soybean grower and soybean processor. The feed formulator has recognized the nutritional value of soybean meal and has continued to expand the use of soybean meal in livestock and poultry feeds. Based on the three critical factors that determine a feed ingredient use level (Availability, Composition and Price), soybean growers and processors can look forward to continued strong meal usage levels in the coming decade.
Quality of the 2010 Soybean Crop in the United States
The American Soybean Association and the US Soybean Export Council have supported a survey of the quality of the US soybean crop since 1986. These annual crop surveys document quality characteristics compared to previous soybean crops and provides information important to international customers to assist in their purchasing decisions for the upcoming year.
Sample kits were mailed to producers selected so that response distribution would closely match state soybean production. This year 1,850 samples were received. These were analyzed at the University of Minnesota for protein and oil concentration by near-infrared spectroscopy (NIRS) using a Perten DA7200 diode array instrument (Huddinge, Sweden) equipped with calibration equations developed by Perten.
Regional and national average protein values were determined by computing weighted averages using state and regional soybean production values, so that average values better represent the crop as a whole. Results of the 2010 soybean quality study are presented in the following tables on page 2 and 3.
The results show that the average protein and oil concentrations for the 2010 US soybean crop differed only slightly from that of the 2009 US crop or from the long-term average values. Average US soybean protein concentration was 0.4% lower in 2010, at 34.9%, and average oil was virtually unchanged (0.1% higher at 18.7%), when compared with 2009 (Table 2). As is noted in most years, the Western Corn Belt states showed lower protein concentrations than the US crop as a whole. Midsouth states commonly have higher protein concentrations than other regions. In 2010, protein levels in this region were not significantly different than regions other than the Western Corn Belt. Southeastern states produced a soybean crop with higher oil concentration than other regions. The other regions did not differ from one another.
The general conclusions developed from these data are that 2010 was a fairly "normal" year for soybean production in the U.S.
Seth. L. Naeve, James H. Orf, and Tracy O'Neill. 2010. Quality of the United States Soybean Crop. A report prepared for the American Soybean Association and the United States Soybean Export Council Food Soybean Quality Mission to Asia, 15-19 November, 2010