# China’s Spot Soymeal Prices Jump to Record in Sign of Shortage - Caixin Global

> Spot soymeal prices in China jumped as much as 10% in the week to September 24 in processing hubs Guangdong and Shandong, reaching record levels in some provinces. Bloomberg data from Shanghai JC Intelligence show the rally reflects a short-term soymeal shortage.

- Date: 2022-09-24 · published 2022-09-24T12:00:00.000Z
- Category: market · region China · magnitude medium
- Page: https://feedsoft.ai/events/39571-china-s-spot-soymeal-prices-jump-to-record-in-sign-of-shortage-caixin-global
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Tight soymeal supply and higher prices raise feed costs for Chinese hog farmers and could keep pushing pork prices up, supporting demand for soybeans and meal imports.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Sources

- caixinglobal.com: https://www.caixinglobal.com/2022-09-24/chinas-spot-soymeal-prices-jump-to-record-in-sign-of-shortage-101944088.html

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