ADVANTAGES OF U.S. SOYBEAN MEAL IN DOMESTIC FEED RATIONS

AMINO ACID PROFILE  High levels of amino acids  Balance well with cereal grains

AMINO ACID Digestibility  Lysine typically estimated at 85% digestible  Similar high digestibility levels for other amino acids, like threonine

Other NUTRITIONAL CHARACTERISTICS  Energy  Minerals  Vitamins

NUTRITIONAL VALUE PROPOSITION  Extensively used in livestock feeds  Delivers nutrients critical to:  Animal health  Performance  Cost Competitive

AVAILABILITY  60 domestic soybean processing plants  Consistent product  Geographic and weather diversity

RELIABILITY  Consistency  Everyday known product quality  Easily formulated

HEDGEABILITY  Traded in large volumes  Known and relatively predictable price relationships  Can reduce risk of ingredient exposure

QUALITY/ CLAIMS PROCESS  Trade rules ensure protein, fiber and moisture values  Reductions in quality are offset financially

TRANSPORTATION DIVERSITY  Multiple delivery means  Consistent and timely  Reduced overbuying  Less lead-time  Less freight expense  Truck, rail or barge

TRANSPORTATION DIVERSITY  Multiple rail lines  Various size cars  Can increase usable storage space

GRIND  Ground by processor  Used without additional expense  Facilitates blending and bulk bin utilization  Minimizes dust and fines  Specific grind characteristics possible

MOISTURE  Consistent moisture  Increased or decreased moisture possible

FLOWABILITY  Eases feed manufacturing  Enables delivery of a more consistent feed  Lowers feed production costs

PLANT QUALITY Adjustments Many soybean meal traits can be adjusted:  Moisture and grind  Protein and fiber  Flow coating agents  Toasting  Color  Digestibility  Palatability

SUSTAINABILITY  Proven track record  Improved sustainability:  Reduced weed control  Less fuel  More no-till  Improved land rotation and yield

MARKET DRIVEN  Relatively low- or no-subsidy crop  World supply and demand are the primary determinants of the final value

“ALL VEGETABLE” Considerations  All-vegetable product  "All Natural" and "Vegetable Diet" labels are increasing  Many consumers are willing to pay more for these products.

Soybean checkoff support of animal agriculture:  Enhance soybeans  Improve soybean meal  Emphasize the economic importance of animal agriculture  Increase meat and poultry exports  Provide reliable, third-party educational information about today’s food system U.S. SOYBEAN Industry Support

U.S. SOYBEAN Industry Support When we "value add" it is good for the entire value chain  Farmers  Truckers  Livestock Producers  Processors  Seed Technology Companies  Consumers

WORKING CONTINUOUSLY To Improve  Improve quality of current soybean crop  Create environment that rewards better processing  Develop and commercialize new trait-enhanced soybeans

THANK YOU For additional information, please contact: Philip Lobo