# China needs more sbm as compound feed gains ground – Asian Agribiz

> China's feed industry is shifting toward compound feed, which is increasing soybean meal consumption. A USDA GAIN report indicates swine production is recovering after setbacks from African swine fever. More large-scale farms are adopting compound feed.

- Date: 2021-11-10 · published 2021-11-10T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/44054-china-needs-more-sbm-as-compound-feed-gains-ground-asian-agribiz
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Rising compound feed use supports Chinese soymeal imports and demand, which is supportive for soybean and soymeal prices.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Sources

- asian-agribiz.com: https://www.asian-agribiz.com/2021/11/11/china-needs-more-sbm-as-compound-feed-gains-ground/

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