# Further Pressure On Poultry Feed Prices As Soya Hits Record High - Industry news - News - Qingdao Richfarming Industrial Trade Co.,Ltd

> UK soymeal prices hit an all-time record of £466/t, and feed wheat reached £203/t, close to its prior record. Forecasts show UK wheat closing stocks could be the lowest in 37 years, and US soybean sales to China were three times the prior year's level.

- Date: 2021-01-25 · published 2021-01-25T12:00:00.000Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/49229-further-pressure-on-poultry-feed-prices-as-soya-hits-record-high-industry-news
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Record soymeal and tight wheat stocks point to higher feed costs for buyers, with global maize and soy strength driving prices as Chinese demand and South American dryness tighten supplies.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲

## Sources

- cn-farmconstruction.com: https://www.cn-farmconstruction.com/news/further-pressure-on-poultry-feed-prices-as-soy-42123962.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.