Soybean meal is a protein supplement that is often used in food and animal feeds. Whatever is left after soybean oil is extracted from soybeans is then converted into soybean meal, and one bushel of soybeans usually yields around 50lbs of soybean meal. The raw material processed for livestock feed is primarily fed to poultry and swine, and is often used for beef cattle, dairy cattle and pet food. Soybean meal typically has a high protein content of around 45-50% and 3% crude fibre. Its most popular months of trading include January, February, March, June, October and December. Start spread betting or trading CFDs on our Soybean Meal – Cash price.
Source: ALFATRADING-MARKETS. Past performance is not indicative of future results.
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Client sentiment is provided by ALFATRADING-MARKETS for general information only, is historical in nature and is not intended to provide any form of trading or investment advice – it must not form the basis of your trading or investment decisions.
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