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A Danish market commentary says CBOT soybean meal is trading at a low, attractive price after recently falling. It expects pork prices to rise and advises pig producers to cover feed needs, including soymeal and grain, now.
Low soymeal prices and expected firmer hog prices favor buying feed forward, which could lift soymeal and corn demand from pig producers if they act on the advice.
effektivtlandbrug.landbrugnet.dkPeter ArendtSep 30, 2019Not 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.
