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Soybean meal prices in China fell after the Labor Day holiday, with the average spot price at 2885 yuan/ton on May 8, down 2.45% from early April. Imported soybean arrivals eased the raw material shortage and crush rates rose, increasing meal supply while hog-related feed demand stayed weak.
Rising Chinese crush and weak hog demand add supply pressure on meal, pointing to lower meal prices for feed buyers in the near term.
sunsirs.comMay 9, 2020Not 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.
