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Soymeal futures on the Dalian Commodity Exchange rose to a record 3,792 yuan per tonne in the week, up 13% from before the Chinese New Year holiday. The rally adds to pressure on China's hog sector.
Higher soymeal costs raise feed expenses for Chinese hog producers, which can reduce herd demand for meal over time while supporting current meal prices.
reuters.comHallie GuFeb 11, 2022Not 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.
