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SunSirs reports that China's feed raw material index rose nearly 7% in August 2023. Soybean meal led with a 13.1% gain, followed by DDGS at 6.96% and wheat at 6.49%.
Rapeseed meal also rose.
A broad rally in protein and energy feed ingredients raises least-cost feed formulation costs for Chinese livestock and poultry producers. This supports prices for substitute meals such as rapeseed meal.
sunsirs.comSep 6, 2023Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
