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CnAgri reports average Chinese compound feed prices rose RMB 20 to 40 per tonne in the week, driven by higher corn and soymeal prices in consumption areas. Gross margins for compound feed producers turned negative for pigs, broilers and layers.
Rising corn and soymeal costs in China point to firm feed ingredient demand, and producers' negative margins suggest feed prices are expected to rise further.
en.cnagri.comJan 26, 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.
