Benson Hill Validates Benefits of Proprietary Soybean Meal in Animal Feed with Perdue Farms
May 07 2024 - 11:00AM
Business Wire
Including UHP-LO soybean meal significantly
reduces feed costs while maintaining performance
Benson Hill, Inc. (NYSE: BHIL, the “Company” or “Benson Hill”),
an ag tech company unlocking the natural genetic diversity of
plants, recently completed a feeding trial with industry leader
Perdue Farms to demonstrate the value of incorporating soybean meal
derived from Benson Hill’s Ultra-High Protein, Low Oligosaccharide
(UHP-LO) soybeans into broiler diets.
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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. (Photo: Business Wire)
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 Deanie Elsner, Chief Executive Officer of Benson
Hill. “These positive results validate more than 20 years of
soybean breeding for quality traits, further enhanced by our
CropOS® technology platform, enabling us to offer an innovative
soybean meal option to an already established market.”
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 Randy Mitchell,
Vice President of Nutrition and Research at Perdue. “We look
forward to partnering with Benson Hill to further evaluate this
value-added soybean meal derived from their proprietary soybean
genetics in our commercial operations.”
“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. Roy Brister, Ph.D., an
independent animal nutrition and strategic poultry advisor with
more than four decades of experience in the poultry industry. “Now
is the time for the industry to build on this exciting
innovation.”
About Benson Hill
Benson Hill moves food forward with the CropOS® platform, a
cutting-edge food innovation engine that combines data science and
machine learning with biology and genetics. Benson Hill empowers
innovators to unlock nature’s genetic diversity from plant to
plate, with the purpose of creating nutritious, great-tasting food
and ingredient options that are both widely accessible and
sustainable. More information can be found at bensonhill.com or on
X, formerly known as Twitter, at @bensonhillinc.
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 SEC, which are
available on the SEC’s website at www.sec.gov. Nothing in this
press release should be regarded as a representation by any person
that the forward-looking statements set forth herein will be
achieved or that any of the contemplated results of such
forward-looking statements will be achieved. There may be
additional risks about which the Company is presently unaware or
that the Company currently believes are immaterial that could also
cause actual results to differ from those contained in the
forward-looking statements. The reader should not place undue
reliance on forward-looking statements, which speak only as of the
date they are made. The Company expressly disclaims any duty to
update these forward-looking statements, except as otherwise
required by law.
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Media Contact Benson Hill Christi Dixon 636-359-0797
cdixon@bensonhill.com Media Kit
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