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SunSirs reports China's soybean meal average price fell to 3,400 yuan/ton as of June 23, down 5.36% from early June. Weak terminal pig demand and soybean oil plant maintenance shutdowns drove the decline after a brief early-June rally.
Weaker Chinese meal prices and sluggish hog-driven demand point to softer global meal import demand and lower meal prices for feed buyers.
sunsirs.comJun 24, 2021Not 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.
