soybean field

USSEC Hosts Soybean Meal Purchasing Workshop in Korea

USSEC hosted a two-day soybean meal purchasing workshop in Busan, South Korea May 13 and 14, targeting feed industry purchasing staff. The objective of the workshop was to differentiate U.S. soybean meal from South American soybean meals based on amino acid profile.
Two local speakers discussed applying amino acid to purchasing decisions for soybean meal, along with the latest developments in the international financial and commodity markets. Workshops participants included 24 purchasing staff from 15 feed mills and the Korea Feed Association (KFA).
USSEC shared an amino acid analysis database on soybean meals imported into Korea with the target audiences. The database showed that U.S. soybean meal contained more amino acids in terms of total and essential amino acids. A survey given at the end of the workshop indicated how the audience considers the importance of amino acid at purchasing (6.6 on a 10 point scale); U.S. soybean meal has the advantage in quality, transparent trade, stable supply and risk management (8.0 on 10 point scale); and the U.S. is the most reliable source for soybean meal (8.4 on 10 point scale).

USSEC Country Director - Korea Hyung Suk Lee talks to purchasing staff of the Korean feed industry about amino acid content as a value-determining factor of soybean meal at the Soybean Meal Purchasing Workshop in Busan during May 13-14
USSEC Country Director - Korea Hyung Suk Lee talks to purchasing staff of the Korean feed industry about amino acid content as a value-determining factor of soybean meal at the Soybean Meal Purchasing Workshop in Busan during May 13-14
The USSEC speaker presents to purchasing staff of the Korean feed industry about the global finance and commodity markets at the workshop
The USSEC speaker presents to purchasing staff of the Korean feed industry about the global finance and commodity markets at the workshop