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Reuters calculations estimate China's pigs will eat about 90 kg of feed each in the two months before the Lunar New Year, costing farmers about 38 billion yuan based on a 50:50 soymeal and corn ration. National soymeal feed inventories have fallen to their lowest in three years at 363,500 tonnes as winter demand depleted supplies.
Heavy seasonal feed demand from China's hog herd and shrinking soymeal stocks support near-term soymeal and corn demand, while thin margins for farmers could limit herd expansion and future feed buying.
reuters.comHallie GuDec 29, 2016Not enough comparable past events yet for a historical read.
Not 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.
