Better Protein and Oil Levels in 2013 Soybean Crop
The Soy Checkoff-funded Crop Quality Survey shows the average protein and oil levels in the 2013 U.S. soybean crop ticked upward. Average oil levels increased point-five-percent from 2012 levels to 19-percent - while average protein levels grew by point-four percentage points to 34.7-percent. Laura Foell - United Soybean Board Meal Action Team Chair - says the global animal agriculture sector - the biggest customer of U.S. soy - takes note of the protein content in the soybeans it uses. The food industry - she notes - uses the majority of soybean oil for human consumption. The more protein and oil - the more product for the end customers. Foell says more demand could lead to a better price for the crop. She urges farmers to talk with their seed representatives about soybean varieties that will produce higher levels of protein and oil without sacrificing yield.
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