U.S. Soy Meal Exports Soar as Biofuel Frenzy Boosts Bean Crush
- U.S. is poised to be bigger global meal seller in years ahead
- Expanding meal output is side effect of ‘green’ diesel boom
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A big spike in U.S. soybean meal exports could be a harbinger of things to come, with rising demand for biofuel and feed pushing the American bean-crushing industry to expand.
The protein-rich commodity used to help feed pigs, chicken and dairy cattle last week saw its biggest U.S. export sales since September 2020, including a sizable shipment to Spain. That follows last month’s record pace of crushing soybeans, a process that produces both meal for animals and oil used for cooking and fuel.