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China's Ministry of Agriculture and Rural Affairs published guidelines recommending lower corn and soybean meal in pig and poultry feed. The guidance lists alternatives including rice, barley, sorghum, distillers grains and other meals, with region-specific formulations.
It follows a March request for nutritionists to develop alternative-grain formulas.
Reduced corn and soymeal inclusion lowers China's import needs, pressuring global corn and soybean meal prices. Greater use of alternative grains and meals shifts demand among feed ingredients.
feedstrategy.comAnn ReusApr 21, 2021After 310 past bearish policy events, CORN moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.6% over 20.
After 369 past bearish policy events, SOY moved a median -0.2% over 5 sessions (46% higher; middle half -1.7% to +1.8%), and +0.8% over 20.
After 223 past bearish policy events, SBM moved a median -0.3% over 5 sessions (45% higher; middle half -2.2% to +1.2%), and -0.6% over 20.
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.
