With the growing importance of digestive and immune health, muscle development, as well as high productivity of animals, plant-based alternative proteins are attracting attention of livestock owners across North America.
According to Mac Marshall, vice president, market intelligence, for the United Soybean Board (USB) and the U.S. Soybean Export Council (USSEC), the convergence of increasing vegetable oil demand and supply chain disruptions will continue to cause shifts in pricing for different oils, making it important for buyers to know the impact of events and oilseed growing conditions as they relate to supply and demand.
This guidance document, which has been issued to increase the supply of infant formula, will remain in effect until November 14, 2022, at which time the FDA will evaluate whether any extension is necessary.