International marketing of soybeans is very important, but of equal importance is the indirect export of soybeans through the export of meat and livestock. Nebraska corn and soybean grower Mark Jagels is also vice chairman of the U.S. Meat Export Federation (USMEF). He’s quick to point out that livestock is the number one customer of corn and soybean growers, so overseas demand for meat equates to domestic demand for feed. Jagels cites a study commissioned by the USMEF indicating a return of $7 for every $1 invested in checkoff funds used to promote international demand for U.S. meat and livestock.
Indirect exports important to soybean growers
April 9, 2012 By Leave a Comment