The purpose of this field study was to compare the effects of top-dressing tropical lactating cows with soybean meal (SBM) or citric waste fermented yeast waste (CWYW) on intake, digestibility, ruminal fermentation, blood metabolites, purine derivatives, milk production, and economic return. Sixteen mid-lactation Thai crossbreeds, Holstein Friesian (16.7 ± 0.30 kg/day milk yield and 490 ± 40.0 kg of initial body weight) were randomly allocated to two treatments in a completed randomized design: SBM as control (n = 8) or CWYW (n = 8). The feeding trial lasted for 60 days plus 21 days for treatment adaptation. The results showed that total dry matter intake, nutrient intake, and digestibility did not (p>0.05) differ between SBM and CWYW top-dressing. Ruminal pH and the protozoal population did not (p>0.05) differ between SBM and CWYW top-dressing. After 4 hours of feeding, CWYW top-dressing showed greater ammonia nitrogen, plasma urea nitrogen, and bacterial population compared with the top-dressing of SBM. Volatile fatty acids and purine derivatives were not different (p>0.05) between SBM and CWYW top-dressing. For milk urea nitrogen, there was a greater (p<0.05) and somatic cell count was lower (p<0.05) for cows fed the CWYW top-dress compared to cows fed the SBM top-dress. The cost of the top-dress and total feed cost were less (p<0.05) for CWYW compared to SBM top-dressing, at 0.59 vs 1.16 US dollars/cow/day and 4.14 vs 4.75 US dollars/cow/day, respectively. In conclusion, CWYW could be used as an alternative protein source to SBM without having a negative impact on tropical lactating cows.