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Roundtable: Soybean Crush Insights | Ep. 188
Manage episode 357942370 series 3381146
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A lot has been going on in the US soy market nowadays: a major expansion in the soybean crushing industry, which is mainly driven by the current and potential demand for renewable diesel. That scenario implies some uncertainties for the soybean market in the upcoming years, as we see a critical shift in the industry from "crushing for meal" to "crushing for oil." Thus, what should swine producers and nutritionists know about the soybean crushing industry? To answer that question (and many others), I have a great conversation with Mac Marshall and Dr. Keenan McRoberts in today’s episode, both from the United Soybean Board. We discuss the challenges and opportunities of the topic and the way it can impact the animal market.
"Overall, we're still in a strong demand environment for the soy complex – I see some exciting challenges over the next couple years, particularly on the meal fraction." - Mac Marshall
What you’ll learn:
(00:00) Highlight
(01:45) Introduction
(08:19) Soybean crush spread
(16:15) What can we expect from the future?
(19:15) Soybean oil vs. meal
(23:53) Soy use in the animal market
(27:26) Key takeaways
(34:05) Three final questions
Meet the guest: Dr. Keenan McRoberts
Experience:
- Current: Vice President, Science and Program Strategy at United Soybean Board
Background:
- Ph.D., Animal Science (Cornell University)
- M.Sc., International Agriculture and Rural Development (Cornell University)
- B.S., Biochemistry (University of Nebraska-Lincoln)
Connect with the guest on Social Media: LinkedIn
Meet the guest: Mac Marshall
Experience:
- Current: Vice President, Market Intelligence at United Soybean Board
Background:
- M.A., Applied Economics (The Johns Hopkins University)
- B.A., Economics (Vassar College)
Connect with the guest on Social Media: LinkedIn
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