# SunSirs: Soybean meal prices continue to fall sharply after the holiday

> 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.

- Date: 2020-05-09 · published 2020-05-09T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/53215-sunsirs-soybean-meal-prices-continue-to-fall-sharply-after-the-holiday
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Rising Chinese crush and weak hog demand add supply pressure on meal, pointing to lower meal prices for feed buyers in the near term.

## Read by commodity

- SBM: bearish ▼
- SOY: neutral

## Sources

- sunsirs.com: https://www.sunsirs.com/commodity-news/petail-2409.html

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