American farmers are losing billions of dollars by growing the wrong types of soybeans, says a US marketing firm, reports The Western Producer.
“Since 1990, the share of soybean meal in livestock rations in swine has decreased by 70%,” said John Osthus, president of Blue Spring Communications.
That is largely because farmers are growing the wrong varieties, he told farmers attending a presentation at the 2020 Commodity Classic conference.
The company found that billions of dollars are being lost because of an outdated soybean pricing system focused on placing value on protein content rather than the seven essential amino acids valued by hog producers.
