# Weekly global protein digest: China soymeal prices hit record high, US 2022 outlook
						 | The Poultry Site

> 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.

- Date: 2022-02-25 · published 2022-02-25T12:00:00.000Z
- Category: market · region China · magnitude medium
- Page: https://feedsoft.ai/events/42782-weekly-global-protein-digest-china-soymeal-prices-hit-record-high-us-2022
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Chicken](https://feedsoft.ai/c/CHICKEN.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

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.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- HOGS: neutral
- CHICKEN: neutral

## Sources

- thepoultrysite.com: https://www.thepoultrysite.com/articles/weekly-global-protein-digest-china-soymeal-prices-hit-record-high-us-2022-outlook

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