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A Chinese feed price table dated May 8, 2021 lists corn at about 2,824 RMB per ton, soybean meal at 3,590-3,730 RMB, cottonseed meal at 3,030 RMB, DDG at about 2,450 RMB and fishmeal at 11,400-11,500 RMB per ton, with most prices flat. The commentary notes DDGS prices are rising with feed grain and soymeal costs, and domestic DDGS stocks will tighten in May.
Rising DDGS prices alongside higher corn and soymeal costs point to firmer feed input costs in China, which can support import demand for substitute feed ingredients.
ht.stdado.comMay 7, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
