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Chinese feed producers Twins Group and Guangxi Liyuan joined the ultra-large group in 2023, with Twins also taking control of Jiangxi Zhengbang. New Hope's output fell as it sold part of its pig business, and aquafeed output dropped after high fishmeal prices led farmers to cut production.
Consolidation among large feed makers and a 2023 shift toward pig feed reflect China's compound feed demand. The fishmeal price spike and aquafeed cuts were past developments with limited direct price impact now.
m.efeedlink.comApr 17, 2024After 493 past report events, Lean Hogs moved a median +0.1% over 5 sessions (52% higher; middle half -1.8% to +2.0%), and +0.8% over 20.
After 1,283 past report events, Soybean Meal moved a median -0.1% over 5 sessions (47% higher; middle half -2.0% to +1.7%), and -0.2% over 20.
After 3,207 past report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.3% to +1.7%), and +0.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
