The United Soybean Board recently updated its analysis of the “Value of Meat and Poultry Exports to Soybean Producers,” which was completed by World Perspectives, Inc. The analysis estimates that combined beef, pork, broiler and turkey exports accounted for indirect exports of about 4.7 million metric tons of soybean meal in 2012.
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Over the next 10 years, meat and poultry exports are projected to account for indirect exports of roughly 54.76 million metric tons of soybean meal. This would represent consuming the equivalent of the meal from over 2.5 billion bushels of soybeans.