# Big Drops in Conventional Soybean Meal Pricing  : The Daily Digest

> UFOP reports European asking prices for conventional soybean meal have fallen sharply, with 48% protein meal down 18% year to date to EUR 296 per tonne, the lowest since April 2016. 44% protein meal fell over 19% in six months to EUR 270 per tonne.

- Date: 2017-07-08 · published 2017-07-08T12:00:00.000Z
- Category: market · region Europe · magnitude low
- Page: https://feedsoft.ai/events/70038-big-drops-in-conventional-soybean-meal-pricing-the-daily-digest
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Excess South American soybean supply is pulling meal prices lower, which eases feed costs for European buyers but signals weak global protein demand pressure on soybean products.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Sources

- biofuelsdigest.com: https://biofuelsdigest.com/big-drops-in-conventional-soybean-meal-pricing/

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