The staff of the Soybean Meal INFOsource newsletter hopes all of our readers had an Enjoyable Holiday Season and Prosperous New Year. We hope that 2020 will be a good new year for all. With this issue we have completed twenty-three years of providing the nutritionist and interested persons the latest information on soybean meal. We Thank You for your interest and encouragement.
What a Year!!! U.S. Department of Agriculture is reporting U.S. 2019/20 soybean production to be 3.550 billion bushels which is 878 million bushes smaller than last year’s crop. Challenging spring weather, delayed planting and a shorter growing season resulted in fewer acres of soybean planted/ harvested and reduced soybean yields. Total soybean production is about twenty percent below last year’s record crop. The 2019/20 outlook for soybean meal continues to grow due to increasing U.S. demand by the livestock and poultry industries.