Latest TMR Report Explores Impact of COVID-19 Outbreak on So

Latest TMR Report Explores Impact of COVID-19 Outbreak on Soybean meal Market – KSU


tmrMay 3, 2021
Soybean meal is the highly nutritive meal for the farm animals, it is used as a feed for the farm animals like chicks, horse, sheep, pig, and fish. It has high protein content which is important for the health of the animals, it is the most used feed for livestock. It has been used as a standard for comparing the protein content of food products. It is approved in the United States as an ideal feed for livestock and its production has increased due to control over slaughterhouse by-product as feed and encouraged the use of soybean meal due to high protein content it has and thus, increase in demand as protein-rich source for livestock feed. Soybean meal market is forecasted to grow at the significant growth rate over near future due to its extremely high protein content which is around 47-49% of protein content and other nutritional contents like crude fiber.

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