Step 1: Understanding the Concept:
This question tests knowledge of protein sources in animal feed.
Step 2: Detailed Explanation:
Statement I:
Fish meal is prepared from fish and fish processing waste.
It contains 60-70% crude protein.
It is an excellent source of animal protein with a good amino acid profile.
This statement is true.
Statement II:
Soybean meal is obtained after extracting oil from soybeans.
It contains 44-48% crude protein.
It is the most important source of vegetable protein in animal feed.
This statement is true.
Step 3: Final Answer:
Thus, both statements are true.
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