ECONOMICS OF SOYBEAN BIOTECHNOLOGY IN THE LIVESTOCK INDUSTRY
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Using a linear programming model, this study evaluates the effects of commercializing new biotech-soybean varieties on the livestock producers' feed costs and formulations. Major findings include: (1) development of new alternative soybeans would benefit poultry meat producers more than egg and pig meat producers; (2) new soybean meals would save more feed costs in starter diets than in either grower or finisher diets; and (3) economic advantages of new soybean meals were highly sensitive to the availability of alternative protein sources but less sensitive to changes in ingredient prices.