# Unexpectedly large demand drives meal prices  : The Daily Digest

> German livestock farmers placed large compound feed orders in mid-March amid border closure fears, which drove a sharp rise in demand for protein components. Chicago soymeal reached its highest level since August 2018 in early April. Lower Argentine meal output after an oil mill insolvency also added to the price rise.

- Date: 2020-04-05 · published 2020-04-05T12:00:00.000Z
- Category: market · region Germany · magnitude low
- Page: https://feedsoft.ai/events/53725-unexpectedly-large-demand-drives-meal-prices-the-daily-digest
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Front-loaded buying and reduced Argentine supply tightened soymeal availability and lifted prices. The rally could ease if feed buying slows or Argentine output recovers.

## Read by commodity

- SBM: bullish ▲

## Sources

- biofuelsdigest.com: https://biofuelsdigest.com/unexpectedly-large-demand-drives-meal-prices/

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