# Soyameal HiPro hits four-year low - Poultry Network

> UK soyameal HiPro spot prices fell to £428/t in the weeks after Christmas, the lowest January price in four years. Feed wheat also hit its lowest January price since 2020. Weaker US exports, reduced Chinese demand and the Brazilian harvest weighed on soy prices.

- Date: 2024-02-02 · published 2024-02-02T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/31754-soyameal-hipro-hits-four-year-low-poultry-network
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Lower soymeal and wheat prices reduce UK feed ration costs, and the outlook remains bearish for soy with the Brazilian harvest entering the trade.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- WHEAT: bearish ▼

## Sources

- poultry.network: https://poultry.network/soyameal-hipro-hits-four-year-low/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.