Download e-book for iPad: Soybeans and Their Products Markets Models and Policy by James P. Houck

By James P. Houck

ISBN-10: 0816606595

ISBN-13: 9780816606597

Soybeans and Their items used to be first released in 1972. Minnesota Archive variants makes use of electronic know-how to make long-unavailable books once more obtainable, and are released unaltered from the unique collage of Minnesota Press editions.This is the record of a complete examine detailed to spot and degree empirically the forces, interrelationships, and methods which form the habit of the full soybean industry. The examine occupied with the years from 1946 to 1967, a interval whilst the soybean financial system constructed from its small beginnings to its current importance. Soybeans at the moment are the prime oilseed in global exchange; soybean oil is the main widespread among the suitable for eating oils to be had on the planet; and soybean meal stands first in significance in global markets for high-protein cattle feeds. As a best money crop in U.S. agriculture soybeans are rivaled merely by means of corn.Much of the extraordinary surge in soybean and similar markets lately will be defined and analyzed through the use of the options of call for development and commodity substitution constructed during this ebook. as well as serving the categorical pursuits of commodity specialists, the research may be priceless to econometricians and cost analysts for example of empirical research of a massive agricultural and business uncooked material.The study was once performed via shut cooperation among the collage of Minnesota's division of Agricultura and utilized Economics and the commercial and Statistical research department of the industrial learn provider, U.S. division of Agriculture.

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Extra info for Soybeans and Their Products Markets Models and Policy

Example text

This material is a product of the petroleum industry and must be fed with a carbohydrate carrier such as corn or silage. Since urea is converted into protein only within the digestive tract of ruminants, its use is confined to cattle and sheep. The rapid recent growth of urea feeding is due to its low cost relative to other protein sources and the ease of handling it affords on the farm and in the feedlot. 6 This is about 17 percent as large as total annual soybean-meal utilization in the United States.

In both of these mechanical processes, the crude-oil component is removed from cracked and flaked soybeans by mechanical pressure and heat. The remaining material is then converted into either soybean meal 7 A recent comprehensive description of the industry is in G. W. S. Department of Agriculture), July 1970, pp. 16-37. 44 SOYBEAN MARKETS IN THE UNITED STATES or soybean cake. Mechanical soybean-processing facilities are often used for other oilseeds, especially in the South where cottonseed also is produced and processed.

Department of Agriculture. 48 SOYBEAN MARKETS IN THE U N I T E D STATES into consumption. Soybean crushings are generally stable from month to month, with each month's crush amounting to about 8 percent of the annual total. 7). September is usually the low crushing month since most mills close down for a short time during the month to repair and service machinery before the coming new crop begins to move. Overall, the processing industry maintains enough storage capacity at mill locations to hold 25 to 30 percent of the annual crush.

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Soybeans and Their Products Markets Models and Policy by James P. Houck

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