# USDA sees strong PHL soybean meal market due to growing demand for animal feed - BusinessWorld Online

> BusinessWorld reports that a USDA assessment sees a strong soybean meal market in the Philippines, driven by growing demand for animal feed. The article text provided is only a headline and does not include further detail.

- Date: 2019-04-21 · published 2019-04-21T12:00:00.000Z
- Category: trade · region Philippines · magnitude low
- Page: https://feedsoft.ai/events/59675-usda-sees-strong-phl-soybean-meal-market-due-to-growing-demand-for-animal-feed
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Steady import demand in the Philippines supports soybean meal prices, though the country is a small market and the effect on global prices is limited.

## Read by commodity

- SBM: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2026-04-10 | [Canada Know-Risk Market Outlook \| Soybean Meal Rallies on Strong Demand](https://feedsoft.ai/events/11667-canada-know-risk-market-outlook-soybean-meal-rallies-on-strong-demand.md) | +4.4% | +2.0% |
| SBM | 2017-07-11 | [China to buy U.S. soybeans to meet market demand \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/69821-china-to-buy-u-s-soybeans-to-meet-market-demand-iowa-agribusiness-radio-network.md) | -4.3% | -8.4% |
| SBM | 2020-08-13 | [Market analyst cites good demand for soybean strength - Brownfield Ag News](https://feedsoft.ai/events/10684-market-analyst-cites-good-demand-for-soybean-strength-brownfield-ag-news.md) | +4.8% | +10.2% |
| SBM | 2026-07-21 | [Global demand for soybean meal drives prices up in Brazil and the U.S.](https://feedsoft.ai/events/18436-global-demand-for-soybean-meal-drives-prices-up-in-brazil-and-the-u-s.md) | -0.7% | -2.6% |
| SBM | 2018-04-23 | [Steady Growth Demand for Feed and Protein Meals in Romania Signals Opportunities for U.S. Soy - U.S. Soybean Export Council](https://feedsoft.ai/events/65630-steady-growth-demand-for-feed-and-protein-meals-in-romania-signals.md) | +5.1% | +0.6% |

## Sources

- bworldonline.com: https://bworldonline.com/agribusiness/2019/04/22/226583/usda-sees-strong-phl-soybean-meal-market-due-to-growing-demand-for-animal-feed/

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