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China's soymeal prices rallied to a record high, with Dalian futures reaching 4,038 yuan per tonne. The USDA Ag Outlook Conference also forecast 2022 US beef, pork, broiler and milk production and prices, with record broiler output and exports.
Record Chinese soymeal prices reflect tight bean supplies and crusher shutdowns, supporting global meal values, while the US livestock outlook points to ample poultry supply and firm prices.
thepoultrysite.comSarah MikesellFeb 25, 2022Not 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.
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.
