Ingredients
Below normalSoybean meal price
USDA soybean meal board price, national fob plant median, with its cost per unit of protein and energy
Data through Jun 29, 2026 · page updated Jul 10, 2026
Cite
- national median across 5 fob plant regions
Now $309/ton (national median across 5 fob plant regions) as of Jun 29, 2026, USDA, down 1% on the week. Protein costs $0.325 per lb of crude protein (100% of soybean meal); energy $0.212 per lb of TDN (227% of corn).
| Period | Current | Prior | Change |
|---|---|---|---|
| Week over week | $309/ton | $312/ton | -0.9% |
| Month over month | $309/ton | $324/ton | -4.5% |
| Year over year | $309/ton | $249/ton | +24.2% |
| vs 4-yr median | $309/ton | $405/ton | -23.8% |
About Soybean meal price
Soybean meal is a protein feed, fed to raise a ration's crude-protein content. On a dry-matter basis it runs about 53.5% crude protein and 82% TDN, roughly 0.94 Mcal of net energy for lactation per pound of dry matter, at about 89% dry matter as fed. Those figures come from feedtables.com (INRA/CIRAD/AFZ), soybean meal 48%, citing NRC 2001. SBM-48. TDN clusters 81-82% (NRC-2001/dairy method) vs 87-88% (older NRC-Beef-1996 tables); 82 is the dairy-relevant midpoint. The leaderboard uses them to convert this week's board price into a cost per pound of protein and per pound of energy, so it can be ranked against corn and soybean meal. Prices are quoted per ton, and the cheapest board price is not the cheapest fed price once freight and moisture are counted (see the FOB-vs-delivered guide).
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