USSEC hosted a U.S. Soybean Meal Advantage Conference in Seoul, South Korea on June 14. The objective of this conference was to evaluate comparative economic value of U.S. soybean meal over competing Brazilian soybean meal based on the Korean practical least cost formulations. Conference target groups included formulators, R&D and quality control staff, and purchasing staff of Korean integrators and feed mills.
USSEC shared information on soybean meal quality from different origin; economic evaluation of U.S. soybean meal on least cost formulation; global outlook of soybeans and soybean meal; and broiler production without antibiotics. USSEC invited Dr. Gonzalo Mateos from Spain, John Baize from the U.S., and Kee Song Lee from Korea. U.S. suppliers including ADM, Bunge, Cargill, CHS, and LDC also attended the conference.
USSEC emphasized nutritional advantage in terms of digestible amino acid and energy content with focus on proper heat processing and sucrose content in U.S. SBM. Based on Korean practical formulation, USSEC shared with the target audiences that U.S. soybean meal has at least 5 percent more value than Brazilian soybean meal. Following the conference, USSEC and the consultants provided on-spot consultation to three major broiler integrators and a feed mill strong in broiler and swine feed production.