Loading…
Beijing Dabeinong Technology, one of China's largest pork producers and feed suppliers, reported a first-half pig farming loss, its first since 2013, and blamed high soymeal and feed costs. Its feed business saw net profit fall, and a large part of its newly expanded hog capacity sits idle.
Higher soymeal costs squeeze Chinese hog margins and may cut herd rebuilding and feed demand, which weighs on Chinese soymeal demand while supporting soymeal prices through input costs.
feedstrategy.comDeven KingAug 24, 2018After 342 past bullish trade events, Soybean Meal moved a median +0.1% over 5 sessions (51% higher; middle half -1.1% to +2.6%), and +0.6% over 20.
After 123 past bearish trade events, Lean Hogs moved a median -0.4% over 5 sessions (43% higher; middle half -2.9% to +2.0%), and -0.2% over 20.
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.
