Global price of Soybean Meal
This dataset tracks global price of soybean meal over time.
Latest Value
313.12
Year-over-Year Change
-21.65%
Date Range
1/1/1990 - 6/1/2025
Summary
The Global price of Soybean Meal tracks the international market price for this key agricultural commodity. Soybean meal is an important livestock feed and a key driver of food prices worldwide.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Global price of Soybean Meal represents the prevailing price for soybean meal on international commodity markets. This metric is closely watched by agricultural economists, policymakers, and market participants as soybean meal is a crucial ingredient in animal feed and a major component of food production costs.
Methodology
The data is compiled from various global commodity exchanges and spot markets.
Historical Context
Fluctuations in soybean meal prices can have significant impacts on livestock production costs, consumer food prices, and broader agricultural trade dynamics.
Key Facts
- Soybean meal is a protein-rich livestock feed.
- Prices are determined on global commodity exchanges.
- Fluctuations impact food production costs worldwide.
FAQs
Q: What does this economic trend measure?
A: The Global price of Soybean Meal tracks the international market price for this important agricultural commodity used extensively in livestock feed.
Q: Why is this trend relevant for users or analysts?
A: Soybean meal prices are a key driver of food production costs globally, making this metric highly relevant for economists, policymakers, and market participants.
Q: How is this data collected or calculated?
A: The data is compiled from prices reported on various global commodity exchanges and spot markets.
Q: How is this trend used in economic policy?
A: Fluctuations in soybean meal prices can significantly impact livestock production costs, consumer food prices, and broader agricultural trade dynamics, making this metric an important consideration for policymakers.
Q: Are there update delays or limitations?
A: The data is published with minimal delays, reflecting real-time global market conditions.
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Citation
U.S. Federal Reserve, Global price of Soybean Meal (PSMEAUSDM), retrieved from FRED.