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Power outages in China have forced at least half of soybean crushing plants in northern and northeastern China to shut, pushing soymeal prices in Tianjin up 220 yuan to 3,800 yuan per tonne. Hog farmers already face low pork prices and now higher feed costs as the power crunch disrupts ingredient production.
Crusher shutdowns cut domestic soymeal supply and raise feed costs in China, which tightens meal availability and supports soybean meal prices while adding to livestock margin stress.
financialpost.comReutersSep 30, 2021
esmmagazine.comDayeeta DasSep 30, 2021
thecattlesite.comGlobal Ag MediaSep 30, 2021After 297 past bearish logistics events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.5% to +1.8%), and +0.7% over 20.
After 167 past bullish logistics events, Soybean Meal moved a median +0.5% over 5 sessions (54% higher; middle half -1.8% to +2.9%), and -1.2% over 20.
After 11 past bearish logistics events, Lean Hogs moved a median +1.6% over 5 sessions (55% higher; middle half -2.7% to +2.5%), and -6.1% over 20.
After 11 past neutral logistics events, Crude Oil (WTI) moved a median +3.8% over 5 sessions (73% higher; middle half -0.4% to +6.6%), and +6.3% over 20.
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.
