Benson Hill Validates Benefits of Proprietary Soybean Meal in Animal Feed with Perdue Farms
Including UHP-LO soybean meal significantly reduces feed costs while maintaining performance
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Results confirm that the inclusion of UHP-LO soybean meal throughout all phases of broiler production delivered a significant reduction in feed costs while maintaining performance, reflecting the higher protein and metabolizable energy inherent in Benson Hill’s proprietary soybean genetics.
“Our ongoing work with Perdue and other leading poultry producers opens up opportunities for diversifying soy options in animal feed and shows the benefits our seed innovations can deliver,” said
As previously announced, Benson Hill’s UHP-LO soybean varieties demonstrate novel attributes for animal feed rations, enabling broadacre expansion of Benson Hill’s proprietary soybeans. Previous research identified three key product attributes of UHP-LO soy that uniquely position it for adoption by animal companies, soybean processors, and farmers. These key attributes are higher protein levels, lower anti-nutritional factors, and competitive yields.
“We’re encouraged by these latest results,” said
“Trial results indicate there is enough value in soybean meal derived from Benson Hill UHP-LO soybeans to drive large-scale adoption by poultry producers,” says Dr.
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Cautionary Note Regarding Forward-Looking Statements
Certain statements in this press release may be considered “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally relate to future events or the Company’s future financial or operating performance and may be identified by words such as “may,” “should,” “expect,” “intend,” “will,” “estimate,” “anticipate,” “believe,” “predict,” or similar words. These forward-looking statements are based upon assumptions made by the Company as of the date hereof and are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements include, among other things, statements regarding: the anticipated commercial and nutritional benefits of the Company’s UHP-LO soybean meal, including any expectation that the findings associated with the recent trial can be repeated or improved upon in the future, including in broadacre application; the potential adoption of UHP-LO by poultry producers or other animal companies, soybean processors, or farmers; potential strategic partnership and licensing opportunities; current projections and assumptions regarding the Company’s business and the industries and markets in which the Company currently operates or plans to operate, including the broadacre animal feed market; expectations regarding the Company’s ability to serve a broadacre strategy through partnerships and licensing; and management’s strategy and plans for growth. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: risks associated with the failure to realize the anticipated commercial or nutritional benefits of the Company’s UHP-LO soybeans; risks that the benefits validated by the recent trial may not be able to be repeated or improved upon in the future, including in broadacre application; risks associated with the accuracy and repeatability of feeding trials generally; risks associated with the Company’s ability to generally execute on its business strategy, including its transition to an asset-light business model to serve broadacre animal feed markets in a timely manner with sufficient liquidity; risks relating to acreage acquisition and leveraging a broadacre strategy; risks associated with developing and maintaining successful strategic partnership and licensing relationships in an asset-light business model, and maintaining relationships with customers and suppliers; risks associated with changing industry conditions and consumer preferences; risks associated with the effects of global and regional economic, agricultural, financial and commodities market, political, social and health conditions; and other risks and uncertainties set forth in the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in our filings with the
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