Oil Meals

                        

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European Union usage of soybean meal, an animal-feed component, is forecast to climb in the first nine months of the year as supply from South America increases, according to Oil World.

 

         

Soybean-meal use may climb to 24.2 million metric tons in the period from January through to September from 22.9 million tons in the year-earlier period, the Hamburg, Germany-based industry researcher wrote in a report today.  Rising soybean prices last year made use of meal extracted from the oilseed less attractive to EU livestock producers, prompting them to use more meal from soybean seeds and palm kernels, according to Oil World.