# SunSirs: Soybean Meal Prices Rose During National Day

> Chinese 43% soybean meal prices rose about 2% over the National Day holiday to RMB 3106 per ton on October 7. The increase followed a USDA quarterly stocks report that lifted US soybean futures more than 4% in a week, plus soybean oil plant maintenance that tightened meal supply.

- Date: 2019-10-08 · published 2019-10-08T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/56645-sunsirs-soybean-meal-prices-rose-during-national-day
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Tight domestic Chinese meal supplies and firmer US futures support soybean meal prices in the short term, raising feed costs.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Sources

- sunsirs.com: https://www.sunsirs.com/uk/detail_news-290.html

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